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funding gap emerging markets
Mongolia

Tegsh Chandmani LLC

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 8 other investors
  • With a loan of EUR 6,600 Chuluun will be able to enhance his business by opening a small cafe. 5 new jobs!

    €6,600
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,600
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 18 February 2016.

      Summary

      Chuluun-Erdene runs a business in grocery sales. He opened his own Tegsh Chandmani Erdene small grocery store in remote area of the Ulaanbaatar city three years ago with the support of his wife. 

      With a loan of 15 million tugrik, Chuluun-Erdene will be able to enhance his business by increasing working capital and opening small cafe just next to his grocery store. Moreover, he plans to create five more jobs in the community he works.

      Lendahand will provide a loan to Chuluun together with local partner VFM. The loan has to be repaid in 36 months.

      Company nameTegsh Chandmani LLC
      CEOChuluun Khasmyatav
      Founded2013-01-01
      LocationUlaanbaatar city
      SectorWholesale / Retail
      Turnover€62,001.77
      Employees1

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 5 jobs are created
      • With this investment 20 lives are improved

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