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funding gap emerging markets
Mongolia

Galbadrakh

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 4 other investors
  • With a loan of EUR 2,200 Galbadrakh will be able to purchase a big order and buy a truck for distribution.

    €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 12 hours on 17 February 2016.

      Summary

      Galbadrakh runs a business in wood sales for the past 15 years in the capital Ulaanbaatar city. Firstly, he used to sell at the Khyalgant local market renting a small space but today he rents area with large space at the market and increased types of his products for sale. 

      With a loan of 5 million tugrik, Galbadrakh will be able to enhance his working capital and purchase big order. Moreover, he has plans to purchase a truck for distribution and hire an additional employee to increase business efficiency.

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

      Company nameGalbadrakh
      CEOGalbadrakh Tsedendamda
      Founded2001-01-01
      LocationUlaanbaatar city
      SectorWholesale / Retail
      Turnover€13,245.03
      Employees3

      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 Galbadrakh

      Yvonne van der Laan
      Derkjan van Veen
      + and another
      4
      investors