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MongoliaOtgonbaatar Surenkhuu
With a loan of EUR 4,400 Otgonbaatar can expand his shop in household products and toys. Maturity 24 months.
€4,400
Amount
4.00%
Interest
24 months
Maturity
6 months
Repayments
EUR
Currency| Amount | €4,400 |
| Interest | 4.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
Fully funded in 15 hours on 20 October 2015.
The project
Otgonbaatar runs two different businesses. He is a taxi driver serving in Nalaikh district where he lives and in Ulaanbaatar, the capital city in Mongolia. Moreover, he owns a household and toy store.
With a loan of 10 million tugriks, Otgonbaatar will be able to increase working assets and employ one more worker for his store.
Lendahand will provide the loan to Otgonbaatar together with local partner VFM. The loan has to be repaid in 24 months.
| Company name | Vision Fund Mongolia |
| CEO | Otgonbaatar Surenkhuu |
| Founded | 2011-01-01 |
| Location | Nalaikh district, Ulaanbaatar city |
| Sector | Services |
| Turnover | €14,854.11 |
| Employees | 2 |
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