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funding gap emerging markets
Mongolia

Telmen Otgonbayar

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 11 other investors
  • With EUR 4,400 Telmen can purchase a new machine that will enable his recycle factory to work more efficiently.

    €4,400
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 16 hours on 17 September 2015.

      Summary

      Telmen is a true sustainable entrepreneur. Since he was little he was already very aware of our impact on the planet. Especially plastic attracts his attention. Therefore, when he started his own company, he decided to recycle plastic bottles.

      There are currently 4 workers employed who operate the crushing machines and assist in exporting the recycled plastic to China. To work in a more efficient manner, Telmen would like to purchase a plastic bottle washing machine. This will enable him to process more plastic bottles in the same time and hire an additional worker.

      Therefore Lendahand will provide a loan to Telmen with our local partner VFM, which will have to be repaid in 24 months.

      Company nameTelmen Otgonbayar
      CEOTelmen Otgonbayar
      Founded2001-01-01
      LocationUlaanbaatar
      SectorDistribution and Processing
      Turnover€22,351.36
      Employees4

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Telmen Otgonbayar

      Ron van Eijk
      + and another
      11
      investors