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funding gap emerging markets
Mongolia

Jonon-Es

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 11 other investors
  • A loan of EUR 4,400 will enable Sukhbat to acquire a truck to enhance his delivery time. 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 1 day on 22 October 2015.

      The project

      Sukhbat is a carpenter and has been working in the carpentry industry for the last eight years. He started his own company called Jonon-Es in 2009 and has currently employs 4 workers.

      They receive orders for all types of furniture from Erdenet city and Bulgan Soum (the second level administration unit below the province). Due to the quality of his products, he is able to give one year limited warranty for each product.

      With the loan Sukhbat will be able to purchase a truck to enhance his service and recude production/delivery time. Moreover he plans to employ two more workers to improve the service. 

      Lendahand and local partner VFM will supply Sukhbat with a loan that has to be repaid in 24 months.

      Company nameVision Fund Mongolia
      CEOSukhbat Chinbat
      Founded2009-01-01
      LocationErdenet
      SectorManufacturing / Production
      Turnover€19,867.54
      Employees4

      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 Jonon-Es

      A. Pronk
      Joop Singeling
      Ron van Eijk
      + and another
      11
      investors