funding gap emerging markets
Mongolia

Otgonjargal Nyamtseren

  • Vision Fund Mongolia
  • Local partner investment
  • + 4 other investors
  • With a loan of EUR 2,800 Otgonjargal will be able to increase working capital and hire an additional worker.

    €2,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 12 hours on 28 January 2016.
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      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Otgonjargal runs a recycling business for the last 5 years in Ulaanbaatar city. She gathers secondary raw materials such as glass, plastic bottles, cans, iron, aluminum and copper in order to supply beverage factories and small entities. She purchases copper and iron for a reasonable price in winter period, and so that she could sell in summer when cost gets increased to make some profit. 

      Otgonjargal works not only for profit, but also for social community she lives in. She provide a part time job to homeless people and in return she pays per working hours or feed them. With a loan of 6 million tugrik, Otgonjargal will be able to increase working capital and hire an additional worker.

      Lendahand will provide a loan to Otgonjargal together with local partner VFM. The loan has to be repaid in 24 months.

      Company nameOtgonjargal Nyamtseren
      CEOOtgonjargal Nyamtseren
      Founded2011-01-01
      LocationUlaanbaatar city
      SectorDistribution and Processing
      Turnover€4,651.16
      Employees1

      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 lives are improved

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