Khan Khukhii Khuis
With a loan of EUR 9,200 Tuvshinbaatar will be able to prepare the catering service in a high school.
€9,200
3.00%
24 months
6 months
EUR
CurrencyAmount | €9,200 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Tuvshinbaatar runs a business in several sectors including grocery shop, hotel and café serving local food. He inherited Khan Khukhii Khuis Gol LLC from his mother 5 years ago which was established in 2001. His business is going successful and he has 3 workers at the café, grocery shop and hotel. Recently, he opened new café in a high school serving pupils with healthy and fresh food. Moreover he plans to open a small grocery shop at the school.
With a loan of 20 million tugriks, Tuvshinbaatar will be able to expand his business by increasing working capital and purchase new equipments and hire one more worker for the café to serve more people in the community of Nalaikh city.
Lendahand will provide a loan to Tuvshinbaatar, together with local partner VFM. The loan has to be repaid in 24 months.
Company name | Vision Fund Mongolia |
CEO | Tuvshin Luuzan |
Founded | 2001-01-01 |
Location | Nalaikh city |
Sector | Services |
Turnover | €56,043.95 |
Employees | 3 |
Impact
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- With this investment 1 job is created
- With this investment 4 lives are improved