Banzragch Dambadarjaa

With EUR 4,600 Banzragch will be able to purchase a car to boost his efficiency and load goods by himself.

funding gap emerging markets

The project

Banzragch runs a business in household and electronic good sales for the last 3 years renting a stall at Uguuj local market in Bayankhoshuu area of Ulaanbaatar city. This is one of the remote areas of the city where this type of goods are less for sale and needs are high. He imports these household and electronic goods from northern neighbor country China for cheap price and supplies the community with reasonable price. 

With a loan of 10 million tugrik, Banzragch will be able to increase his working capital and purchase a car to boost his efficiency being able to load goods by himself.

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

Vision Fund Mongolia

CEO
Banzragch Dambadarjaa
Founded
2013-01-01
Location
Ulaanbaatar
Sector
Wholesale / Retail
Turnover
€23,225.80
Employees
1
€4,600raised
Fully funded in 2 days on 27 January 2016.
9investors
Invest in microfinance
€4,600
target
3.0
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved