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funding gap emerging markets
Mongolia

Narantset Gombodorj

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 15 other investors
  • With a loan of EUR 4,400 Narantsetseg will be able to prepare more firewoods for winter wholesale.

    €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 5 days on 28 October 2015.

      The project

      Narantsetseg sells chopped firewood at the Oin Burged (Forest eagle) local market for ten years. As Mongolia has harsh winter, needs for firewood for those who live in Ger (traditional dwelling) is high. Currently there are three workers who chops firewood and prepares for sale. With a loan Narantsetseg will be able to prepare more firewoods for winter wholesale, employ 3 more workers and expand her products making wooden plank for sale.

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

      Company nameVision Fund Mongolia
      CEONarantset Gombodorj
      Founded2005-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€4,420.86
      Employees3

      Impact

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

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Narantset Gombodorj

      Ron van Eijk
      Peter Boot
      Frans Kuijpers
      + and another
      15
      investors