Mongolia
Binderya Bakery
With a loan of 2,400 EUR Gantuya will be able to buy new materials and hire a fourth employee for the bakery.
€2,400
Amount
3.50%
Interest
24 months
Maturity
6 months
Repayments
EUR
CurrencyAmount | €2,400 |
Interest | 3.50% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Fully funded in 16 hours on 27 October 2016.
Summary
Gantuya runs a bakery for the past 6 years in Ulaanbaatar city. She supplies fresh new breads to nearly local markets and supermarkets. As her business grew, she has already got three more employees.
With a loan Gantuya will be able to enhance her working capital and expand her business by purchasing new equipment and hire one more employee for the bakery which will boost the efficiency of her business.
Local partner VFM will provide a loan to Gantuya that must be repaid in 24 months.
Company name | Binderya Bakery |
CEO | Gantuya Gurzul |
Founded | 2010-01-01 |
Location | Ulaanbaatar city |
Sector | Manufacturing / Production |
Turnover | €23,612.75 |
Employees | 3 |
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