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funding gap emerging markets
Mongolia

Munkh Aziin 4 Berkh

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 33 other investors
  • With a loan of EUR 13,600 Battsetseg will be able to expand her grocery store as a mini market.

    €13,600
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,600
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 4 January 2016.

      Summary

      Battsetseg started her business in retail sales opening a small grocery kiosk in the backyard in Nalaikh city two years ago. Then in 2014 she moved to Ulaanbaatar, the capital city and opened a grocery store called "Munkh Aziin 4 Berkh" or "4 sides of knuckle bones, the symbol of Forever luck". She made a contract with large food and grocery factories and then serves her community with a fresh and good quality products. 

      With her next loan of 30 million tugrik, Battsetseg will be able to increase her working capital and expand her grocery store as a mini market.

      Lendahand will provide the loan to Battsetseg, together with local partner VFM. The loan has to be paid back in 36 months.

      Company nameMunkh Aziin 4 Berkh
      CEOBattsetseg Bayart
      Founded2013-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€109,990.83
      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 Munkh Aziin 4 Berkh

      Gert Mosterd
      Joop Singeling
      Jan de Wit
      + and another
      33
      investors