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funding gap emerging markets
Mongolia

Davaatseren Rentsen

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 8,800 Davaatseren can sell her (hair) products also on the market in 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

      Davaatseren is a hairdresser in Ulaanbaatar city and runs hair dressing salon and small household store together inside. There are 4 hairdresser and one seller. Moreover, she orders salon products and household products from South Korea. 

      With a loan of 20 million tugriks, Davaatseren will be able to purchase the goods by herself increasing the types of products from Korea, employ 2 more sellers and rent one more stall at the Narantuul local market.

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

      Company nameDavaatseren Rentsen
      CEODavaatseren Rentsen
      Founded1997-01-01
      LocationUlaanbaatar
      SectorServices
      Turnover€11,052.16
      Employees6

      Impact

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

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

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      We have already contributed to Davaatseren Rentsen

      Jelmer Stienstra
      Ron van Eijk
      Peter Scheedler
      Falco Valkenburg
      + and another
      10
      investors