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funding gap emerging markets
Mongolia

Otgonsuren Khaidav

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 4 other investors
  • With a loan of EUR 2,200 Otgonsuren will be able to expand his business in meat, fruit and vegetables.

    €2,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 hours on 8 February 2016.

      The project

      Otgonsuren runs a business in butchery and fruit, vegetable sales in Chinggis city of Khentii province for the last three years. He orders fresh vegetables and fruits from the capital city Ulaanbaatar. Also he made contract with one of the big butcher company in the capital and orders meat, sausages on monthly basis with the support of his wife. 

      With a loan of 5 million tugrik, Otgonsuren will be able to expand his business by increasing his working capital and purchase a big order to serve his community with fresh and good quality products.

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

      Company nameVision Fund Mongolia
      CEOOtgonsuren Khaidav
      Founded2013-01-01
      LocationChinggis city
      SectorWholesale / Retail
      Turnover€18,584.07
      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 Otgonsuren Khaidav

      Derkjan van Veen
      + and another
      4
      investors