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funding gap emerging markets
Mongolia

Kherlen Jigjid

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 7 other investors
  • With a loan of EUR 2,600 Kherlen is able to invest in a car for the transport of the goods for his clothing shop.

    €2,600
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,600
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 30 October 2015.

      Summary

      Kherlen, father of two, sells undergarments and wool socks renting a stall at the Kharkhorin local market for more than 10 years with his wife.

      His first loan started from around 200$. He imports goods from Northern neighbor country China or buys from local factories.

      With a loan, Kherlen will be able to purchase a car for loading goods. Together with local partner VFM Lendahand will provide the entrepreneur with a loan that has to be repaid in 24 months.

      Company nameKherlen Jigjid
      CEOKherlen Jigjid
      Founded2002-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€3,536.69
      Employees1

      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 Kherlen Jigjid

      Ron van Eijk
      Hans Bierhuis
      + and another
      7
      investors