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funding gap emerging markets
Mongolia

Mendbayar Shirem

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 4 other investors
  • With EUR 3,200 Mendbayar can acquire a new grinding machine to produce more types of traditional snuffboxes.

    €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 1 day on 27 January 2016.

      Summary

      Mendbayar is a handicraftsman and creates traditional snuffboxes (for tabacco) out of natural stones for the past 4 years in Erdenet city. Mongolia still has a very active snuff-taking tradition and it constitutes the gesture of welcoming a guest. 

      He has a workshop in his backyard and orders natural stones from Ulaanbataar. The stones come from all over the country and the variety is therefore quite impressive.

      With a loan, Mendbayar will be able to renew his equipment, buy a new grinding machine to produce more types of snuffboxes, and repair his car in order to deliver the products to his clients. Lendahand will provide a loan together with local partner VFM that has to be repaid in 24 months. 

      Company nameMendbayar Shirem
      CEOMendbayar Shirem
      Founded2012-01-01
      LocationErdenet city
      SectorManufacturing / Production
      Turnover€13,824.88
      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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