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funding gap emerging markets
Mongolia

Bolortsogt Baljinnyam

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 4 other investors
  • With EUR 3,200 Bolortsogt is able to gather more materials (e.g. plastic) in order to sell to recycling business.

    €3,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 18 hours on 26 January 2016.

      Summary

      Bolortsogt, a father of two, has been operating a business that sells input materials to recycling businesses in the Mongolian Capital for the past ten years.

      He collects materials such as iron, aluminum, copper, brass, can, glass and plastic. Once it reaches up to 4-5 metric tons, the entrepreneur transports the goods to several buyers by truck where he sells the materials with a 20% margin. 

      With a loan Bolortsogt will be able to expand his business and gather larger amounts to sell to recycling companies. Lendahand will provide a loan together with local partner VFM that must be repaid in 24 months.

      Company nameBolortsogt Baljinnyam
      CEOBolortsogt Baljinnyam
      Founded2007-01-01
      LocationErdenet city
      SectorDistribution and Processing
      Turnover€32,258.06
      Employees1

      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 Bolortsogt Baljinnyam

      Gert Baas
      Dirk Rentmeester
      + and another
      4
      investors