First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Mongolia

Urjih Tavan Erdene

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 7 other investors
  • With EUR 2,200 Erbat is able to increase the storage capacity of his butchery and keep more fresh meat.

    €2,200
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 15 December 2015.

      Summary

      Erbat established his butchery company "Urjih Tavan Erdene" with the support of his wife in 2009. First they started to work by themselves and today they have got 5 employees. 

      The entrepreneur purchases meat from local contracted herders and then supplies to supermarkets and grocery shops serving with fresh meat products including dumplings and buuz* (traditional mongolian food). Moreover, he rents a stall at "Khuleg" local grocery market. 

      With a loan, Erbat will be able to expand his preservation capacity for his supplies and to offer a more diverse range of products in the community. Lendahand will provide a loan together with local partner VFM, which will have to be repaid in 12 months. 

      Company nameUrjih Tavan Erdene
      CEOErbat Damdinpurev
      Founded2009-01-01
      LocationErdenet
      SectorDistribution and Processing
      Turnover€4,574.56
      Employees5

      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

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.