Shar Tal

With a loan of EUR 14,000 Battur will be able to repair the first floor in the building to expand the grocery store.

funding gap emerging markets

The project

Battur is young entrepreneur who runs a grocery store called Shar tal or Yellow steppe in Ulaanbaatar city. He inherited this grocery store with building from his mother after she passed away in 2014 and he has been successfully running the store as he used to help sicne his he was a child. 

With a loan of 30 million tugriks, Battur will be able to increase the working capital and finish repair the first floor in the building to expand the grocery store.

Lendahand will provide this loan to Battur together with local partner VFM. The loan has to be repaid in 36 months.

Vision Fund Mongolia

CEO
Battur Tsogbadrakh
Founded
1994-01-01
Location
Ulaanbaatar
Sector
Wholesale / Retail
Turnover
€140,845.07
Employees
2
€14,000raised
Fully funded in 5 days on 27 November 2015.
30investors
Invest in microfinance
€14,000
target
4.0
%
Interest
36
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved