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funding gap emerging markets
Mongolia

Bolormaa

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 8 other investors
  • With a loan of EUR 4,400 Bolormaa can rebuild her clothing business into a grocery store. 2 extra jobs!

    €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 20 hours on 6 October 2015.

      Summary

      Bolormaa sells clothes at the local shopping centre Gold Plaza renting a stall in Ulaanbaatar city. Clothes are imported from neighbor country China and she tries to choose modern stylish clothes for youths and adults in the city. Recently she has got an employee to assist her while she is away for goods. Bolormaa has a big goal for the future, she is planning to expand her business in grocery sector opening grocery store using her previous experience and hiring two more employees for the store.

      Lendahand will provide the loan to Bolormaa together with local partner VFM. The loan has to be repaid in 24 months.

      Company nameBolormaa
      CEOBolormaa Batsaikhan
      Founded2012-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€26,726.05
      Employees2

      Impact

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

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

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      We have already contributed to Bolormaa

      Ton Van der Meer
      Ron van Eijk
      + and another
      8
      investors