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funding gap emerging markets
Mongolia

Tsend-Ayush

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 8 other investors
  • With a loan of EUR 3,200 Tsend-Ayush is able to preserve more meat and to purchase isolation windows.

    €3,200
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 21 November 2015.

      The project

      Tsend-Ayush is a widow mother of two sons. She has been running “Undur eej” or “Old mother” café for 11 years at local market in Darkhan, the second-largest city in Mongolia. In the result of years of her efforts, her café is well known in that market serving many people and currently she has 4 staff. 

      With a loan, provided by Lendahand together with local partner VFM, Tsend-Ayush will be able to invest more to her café by reserving meat and flour in larger quantities and hire one more employee. Moreover, as winter comes, she wants to replace the cafe windows by vacuum-insulated windows so it is better equipt to handle the harsh winter colds. The loan will have to be repaid in 24 months. 

      Company nameVision Fund Mongolia
      CEOTsend Sumyasuren
      Founded2004-01-01
      LocationDarkhan
      SectorServices
      Turnover€7,002.80
      Employees4

      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 Tsend-Ayush

      Frans Wittenberg
      + and another
      8
      investors