Uuganbayar
With EUR 4,600 Uuganbayar can invest in a larger vehicle to help him collect and sell secundary materials.
€4,600
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,600 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Uuganbayar owns a business that collects secondary materials. He started 8 years ago and collects materials such as iron, aluminum, copper and brass and sells mostly to Chinese factories.
Next to that, he also uses the materials to builds fences and sells them to the local communities. With more capital, Uuganbayar will be able to expand his business by investing in a new vehicle for collecting and hire an aditional worker.
Lendahand will provide a loan together with local partner VFM to help him realize his plans. The loan must be repaid in 24 months.
Company name | Vision Fund Mongolia |
CEO | Uuganbayar Munkhtogtokh |
Founded | 2008-01-01 |
Location | Ulaanbaatar city |
Sector | Distribution and Processing |
Turnover | €45,787.54 |
Employees | 1 |
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