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funding gap emerging markets
Mongolia

MOMD LLC

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 6 other investors
  • With EUR 4,400 Munkhdalai can invest in a construction swing and hire 5 workers for his construction service.

    €4,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 hours on 25 February 2016.

      The project

      Munkhdalai established his company in construction services MOMD LLC 6 years ago. The company provides construction services such as exterior coatings for buildings.

      There are currently 20 workers employed. Munkhdalai's hopes and dreams for his company is to provide a full construction service, from scratch to finish. With a loan he will be able to purchase necessary construction materials and equipment such as a construction swing stage. This will also enable him to hire 5 new employees.

      Together with local partner VFM Lendahand will provide a loan to Munkhdalai that must be repaid in 24 months. 

      Company nameVision Fund Mongolia
      CEOMunkhdalai Lkhagvajav
      Founded2010-01-01
      LocationUlaanbaatar
      SectorServices
      Turnover€223,513.63
      Employees20

      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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      We have already contributed to MOMD LLC

      Poul Brands
      Els Mol
      Marlies Witteveen
      Albert Stoter
      + and another
      6
      investors