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funding gap emerging markets
Mongolia

Bat-Erdene

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of EUR 11,000 Bat-Erdene is able to acquire additional working capital and hire a new employee.

    €11,000
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€11,000
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 14 March 2016.

      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 nameBat-Erdene
      CEOBat-Erdene Byambajav
      Founded2013-01-01
      LocationUlaanbaatar city
      SectorWholesale / Retail
      Turnover€65,731.81
      Employees2

      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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