VFM

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General information

Legal entityVision Fund Mongolia
CountryMongolia
Head officeUlaanbaatar
Websitehttp://www.visionfund.org/2100/mongolia/asia-pacific/where/
Founded 1 January 2004
Active on Lendahand since 1 July 2015

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Financial information per 2017-12-31

Number of companies in portfolio10,011
Total assets€6,349,164
Leverage ratio34.00%
Write-off ratio last 12 months2.40%
% investment amount in arrears (>90 days)1.83%
% investment amount in arrears (>180 days)1.59%

About Mongolia

Mongolia implemented democratic reforms in 1990, including a new constitution. The people of Mongolia chose a parliamentary democracy with a free market economy. During the Soviet time the economy of Mongolia was mainly driven by the agricultural sector. However after becoming independent it discovered its richness in resources and minerals - namely gold, copper, uranium and coal. Because the Mongolian economy is quite dependent on mining the government is actively stimulating other sectors to diversify the economy.