Bat-Erdene
With a loan of EUR 11,000 Bat-Erdene is able to acquire additional working capital and hire a new employee.
€11,000
4.00%
36 months
6 months
EUR
CurrencyAmount | €11,000 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Bat-Erdene owns a business in automotive replacement parts together with his wife for the past three years. Today almost every household in Mongolia owns an automobile so the demand for replacement parts is quite high.
At first, he used to purchase replacement parts from the local bazaar, but now as his business got expanded, he imports high quality parts from Japan and Korea.
With a loan, Bat-Erdene will be able to increase his working capital and hire an additional employee to cope with the rising demand. Together with local partner VFM will Lendahand provide a loan that has to be repaid in 36 months.
Company name | Bat-Erdene |
CEO | Bat-Erdene Byambajav |
Founded | 2013-01-01 |
Location | Ulaanbaatar city |
Sector | Wholesale / Retail |
Turnover | €65,731.81 |
Employees | 2 |
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