Mongolia

Kh.Sairagul 1

With EUR 51,100 Sairagul can finish the first-ever modern yet affordable hotel construction work in the center of the province.

  • Local partner investment
  • 10 nieuwe banen
  • 40 mensen bereikt

€51,100

Amount

36 months

Maturity

3.00%

Annual interest
100%
Fully funded in 39 days on 15 May 2018.
+ 143 other investors

Summary

Tourism has been a main component of Mongolia’s economic development for its untouched, wide steppes and unique nomadic culture. Bayan-Ulgii province of Mongolia is the home of Mongolian Kazakh nation, one of the Mongolian multi ethnic regions. Therefore, Bayan-Ulgii province attracts large amount of international and domestic tourists for its number of national natural parks and Khazakh nation’s cultural festivals such as eagle hunting festival, welcoming new spring festival etc.

Ms. Sairagul, 45, is well aware of the fact that due to Bayan-Ulgii’s poor tourist services and accommodation condition, the province is not benefiting enough from the tourism sector in the region. The number of tourists visiting the province doubled in 2017, however, there isn’t any hotel in the region that meets international standard. Thus, in order to develop the tourism and promote the regional economic growth, Sairagul started her own hotel business to provide good service to both domestic and overseas tourists.

Through this loan amount of 2x150 million MNT, Sairagul will be able to finish the first-ever modern yet affordable hotel construction work in the center of the province, which will start from the coming construction season and hire additional 10 full time hotel staffs.

Company nameKh.Sairagul 1
CEOSairagul Khanan
Founded2016-01-01
LocationBayan-Ulgii province
SectorServices
Turnover€162,125.34
Employees4

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We have already contributed for Kh.Sairagul 1

Jan Okken
Gerard de Boer
Ton Schroer
Poul Brands
Hajé van Egmond
+ and another
143
investors