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funding gap emerging markets
Mongolia

Badamragchaa

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 8 other investors
  • With EUR 4,400 Jamiyan and his wife are able to invest in a new truck for their transportation business.

    €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 10 March 2016.

      Summary

      Jamiyan is father of two and lives in Nalaikh city with his family. This is where Nalaikh coal deposit center is located which supllies 70% of the people living in a ger (traditional Mongolian tent) for fuel. Together with his wife, Jamiyan owns a business in transportation service. 

      They deliver coal to customers in the capital city by small truck during the winter season because of the high demand. During the summer focus on selling construction materials such as sand and gravel. As their business is growing, Jamiyan plans to expand by investing in a new truck and for his wife to obtain a drivers license as well

      With a loan Jamiyan will be able to purchase an extra truck to boost efficiency and expand the business. Together with local partner VFM will Lendahand provide a loan that has to be repaid in 24 months. 

      Company nameBadamragchaa
      CEOJamiyan Badamragchaa
      Founded2010-01-01
      LocationNalaikh city, Mongolia
      SectorServices
      Turnover€37,433.15
      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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