funding gap emerging markets
Mongolia

Enkhbayar

  • Vision Fund Mongolia
  • Local partner investment
  • + 7 other investors
  • With a loan of EUR 6,600 Enkhbayar will be able to expand his busines and create two more jobs.

    €6,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 17 hours on 10 March 2016.
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      Summary

      Enkhbayar runs a grocery business serving with various types of fresh and good quality products for his community in the capital city Ulaanbaatar. Before that, he used to sell household products renting a stall outside of the local market Narantuul. As his business grew, he opened his own supermarket in the area lack of this type of store and hired an additional worker to assist him. 

      With a loan of 15 million tugrik, Enkhbayar will be able to expand his business by enhancing working capital and creating two more jobs.

      Lendahand will provide a loan to Enkhbayar together with local partner VFM. The loan has to be repaid within 24 months.

      Company nameEnkhbayar
      CEOEnkhbayar Surentogtokh
      Founded2014-01-01
      LocationUlaanbaatar city
      SectorWholesale / Retail
      Turnover€22,281.63
      Employees2

      Impact

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

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

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      We have already contributed for Enkhbayar

      Jan-Dik Boot
      Jan de Wit
      + and another
      7
      investors