funding gap emerging markets
Mongolia

BB Brilliant

  • Golomt Bank
  • Local partner investment
  • + 51 other investors
  • With a loan of EUR 25,850 Begzjav will be able to purchase sufficient inventory for the new shop in Ulaangom.

    €25,850
    Amount
    3.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€25,850
    Interest3.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 14 November 2018.
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      Based on all Lendahand historical investments
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      Summary

      Begzjav (46), a former high school teacher, established BB Brilliant LLC in 2010. The company sells variety of skin and body care products at the shopping mall of Ulaangom city. In 2016, Begzjav expanded his business and opened an additional branch of the shop in the city. Now, the company has 4 sales assistants working at the 2 branches of the shop.

      BB Brilliant LLC operates in Uvs province of Mongolia which is located at the west side of the country and borders with Russia. The population of the province has been increasing throughout the years, and the trade business is significantly growing. Begzjav also wants to broaden his business, and aspires to open the 3rd branch of the shop at the new public market of the city. He is in need of investments to buy the inventory for the new branch.

      With a loan amount of MNT 75 million, Begzjav will be able to purchase sufficient inventory for the new shop. Also, he plans to hire 1 more employee for the new branch.

      Company nameBB Brilliant
      CEOBegzjav Punsaa
      Founded2010-01-01
      LocationUlaangom, Uvs
      SectorWholesale / Retail
      Turnover€81,318.74
      Employees4

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      We have already contributed for BB Brilliant

      Olaf Janssen
      Marco Mansveld
      Frank Fekken
      Jan de Wit
      Christoph Kollenda
      + and another
      51
      investors