Sarantuya Damdin

With a loan of EUR 4,400 will Sarantuya be able to acquire a truck that will help her optimize her logistics.

funding gap emerging markets

The project

Female entrepreneur Sarantuya sells clothing at a local market in the Orkhon provice from a rented market stall. The clothing she sells is produced locally as much as possible.

Currently there are two people working for Sarantuya who assist her every day on the market and she started to supply goods to the nearly sub-districts and provinces. She has big plans for the future. Because it’s quite difficult to get all produced clothing to her stall, she would like to invest to optimize her logistics. A truck would be perfect to deliver goods to other provinces reaching a bigger market.

Therefore she applied for a loan. Together with local partner VFM Lendahand will provide a loan to Sarantuya that will be paid back in 24 months.

Vision Fund Mongolia

CEO
Sarantuya Damdin
Founded
2010-01-01
Location
Erdenet
Sector
Wholesale / Retail
Turnover
€15,645.95
Employees
3
€4,400raised
Fully funded in 3 days on 22 September 2015.
10investors
Invest in microfinance
€4,400
target
4.0
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved