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funding gap emerging markets
Mongolia

Gungaajantsan Dovchin

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 7 other investors
  • With a loan of EUR 2,800 Gungaajantsan can open a new kiosk in another area to sell more groceries.

    €2,800
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,800
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 21 November 2015.

      Summary

      Gungaajantsan runs a grocery store which he opened as a small kiosk with the support of his wife more than a year ago in Ulaanbaatar city. He purchases wholesale products from local markets and always cares about serving with fresh and qualified products. 

      With a loan of 6 million tugriks, he will be able to expand his business, ordering more types of products and open new grocery kiosk where his wife could work in another area of the community.

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

      Company nameGungaajantsan Dovchin
      CEOGungaajantsan Dovchin
      Founded
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€14,130.94
      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 Gungaajantsan Dovchin

      Frans Wittenberg
      + and another
      7
      investors