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funding gap emerging markets
Mongolia

Enkhnaran Baatar

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 12 other investors
  • With a loan of EUR 8,800 Enkhnaran can open an extra stall at a local market in capital city Ulaanbataar.

    €8,800
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 27 October 2015.

      Summary

      Enkhnaran, the widowed mother of two, sells travel clothing at one of the biggest local market Narantuul in the capital city Ulaanbaatar. She could expand her business by taking out a loan of 4 million tugriks six years ago. Firstly, she used to sell by hand-sell but now she owns two stalls at the Narantuul market and employed one more worker. 

      With a loan of 20 million tugriks Enkhnaran will be able to rent one more stall at the Kharkhorin trade centre and employ one more worker.

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

      Company nameEnkhnaran Baatar
      CEOEnkhnaran Baatar
      Founded2000-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€22,075.05
      Employees2

      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 Enkhnaran Baatar

      Jelmer Stienstra
      Falco Valkenburg
      Nettie Stougje
      Peter Scheedler
      Marcel Linssen
      + and another
      12
      investors