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funding gap emerging markets
Mongolia

Yadamjav Ochirbat

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 9 other investors
  • With EUR 4,600 Yadamjav is able to improve his production capacity of bricks during the harsh winter.

    €4,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 22 January 2016.

      Summary

      Yadamjav started a construction business in 2013. The company manufactures breeze blocks and offers a delivery service to its customers. He started by renting a small workplace next to his house and worked alone for a while. 

      After two years he added his own backyard and employed two workers. Currently they can produce around 6,000 breeze blocks per month. The winther months are normally a bit slow due to the harsh conditions that limits their production capacity. However, Yadamjav has a plan for that which he likes to call 'winterizing', in other words to make his workspace ready for the winter. This will improve his production capacity significantly.

      Yadamjav needs capital to realize his ambitions and will also allow him to hire two more workers. Lendahand will provide a loan together with local partner VFM, which must be repaid in 24 months.

      Company nameYadamjav Ochirbat
      CEOYadamjav Ochirbat
      Founded2013-01-01
      LocationUlaanbaatar city
      SectorManufacturing / Production
      Turnover€22,768.67
      Employees2

      Impact

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

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Yadamjav Ochirbat

      Dirk Rentmeester
      Poul Brands
      + and another
      9
      investors