funding gap emerging markets
Mongolia

Otgonbayar Puntsag

  • Vision Fund Mongolia
  • Local partner investment
  • + 6 other investors
  • With EUR 2,200 Otgonbayar is able to hire a truck that allows him to restore the land and sustain business.

    €2,200
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 4 November 2015.
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      Summary

      Otgonbayar has been working in stone groves for the third year in Khentii province. He is member of Suld credit union which works in exploring spar mineral. 

      Recently the union expanded and has 6 workers. Moreover they deliver their products in the Khentii province. With a loan Otgonbayar will be able to rent a truck to recover the land so it can be used again in the future, making his business more sustaibable. 

      However, the credit need is too large for the credit union to process. Lendahand will therefore provide a loan together with local partner VFM that has to be repaid in 24 months.

      Company nameOtgonbayar Puntsag
      CEOOtgonbayar Puntsag
      Founded2012-01-01
      LocationBerkh village, Khentii province
      SectorManufacturing / Production
      Turnover€10,610.07
      Employees6

      Impact

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

      • With this investment 1 job is created
      • With this investment 4 people are reached

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