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funding gap emerging markets
Mongolia

Sarantuya Damdin

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 10 other investors
  • With a loan of EUR 4,400 will Sarantuya be able to acquire a truck that will help her optimize her logistics.

    €4,400
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 22 September 2015.

      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.

      Company nameVision Fund Mongolia
      CEOSarantuya Damdin
      Founded2010-01-01
      LocationErdenet
      SectorWholesale / Retail
      Turnover€15,645.95
      Employees3

      Impact

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

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Sarantuya Damdin

      Ron van Eijk
      Marlies Witteveen
      + and another
      10
      investors