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funding gap emerging markets
Mongolia

Serjemkhuu LLC

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 15 other investors
  • With EUR 13,400 Gankhuyag will be able to rent two more stalls at the market and create two more jobs.

    €13,400
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,400
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 25 February 2016.

      Summary

      Gankhuyag runs a business in consumer goods sales and construction in Ulaanbaatar city. He has been running a business in wholesales importing mostly household goods from China for the last 15 years and renting two stalls at the Narantuul local market and opened new construction company "Serjemkhuu" 5 years ago. As company expanding, he made an agreement with Korean company and started to bring work force from Korea to work in construction industry of Mongolia.

      With a loan of 30 million tugrik, Gankhuyag will be able to increase his working capital importing more consumer goods, rent two more stalls at the market and create two more jobs.

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

      Company nameSerjemkhuu LLC
      CEOGankhuyag Balsandorj
      Founded2001-01-01
      LocationUlaanbaatar city
      SectorWholesale / Retail
      Turnover€44,702.72
      Employees2

      Impact

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

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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