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funding gap emerging markets
Mongolia

Bat-Erdene

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 9 other investors
  • With a loan of EUR 4,200 Bat-Erdene will be able to build a barn where he can get felts dry in winter period.

    €4,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 hours on 31 March 2016.

      The project

      As Mongolia has nomadic culture civilization for centuries, ger (traditional dwelling) is used a lot in the countryside and felt is one of the main materials used for building ger. Bat-Erdene, father of three, runs a business in felt manufacturing in the center of the Tuv province. 

      He learned to make felt when he used to work for felt factory for two years in the capital city Ulaanbaatar. Firsty he started alone but today he has got 4 employees for seasonal basis. 

      With a loan of 10 million tugrik, Bat-Erdene will be able to build building where he can get felts dry in winter period and operate continually for 4 seasons.

      Company nameVision Fund Mongolia
      CEOBat-Erdene Damdinjav
      Founded2011-01-01
      LocationNalaikh
      SectorManufacturing / Production
      Turnover€77,653.14
      Employees4

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Bat-Erdene

      Cees van Iperen
      + and another
      9
      investors