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funding gap emerging markets
Mongolia

Munkh Aziin 4 Berkh

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 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.

      The project

      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 nameVision Fund Mongolia
      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

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