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funding gap emerging markets
Mongolia

Gereltsetseg Ganjin

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 3 other investors
  • With EUR 2.600 Gereltsetseg is able to invest in new furniture for her business in materials for recycling.

    €2,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 hours on 31 March 2016.

      Summary

      Gereltsetseg owns a business in material recycling for the past seven years now. She collects used bottles and cans and delivers them to several beverage factories for processing.

      This is not the first loan Gereltsetseg got from our local partner VFM. She started small, with just 200 euros. But as the number of sales increased and she got more customers, loans increased in size as well (by tenfold). With her last loan she was able to buy a truck, which enhanced her capacity significantly. The loans and business expansion affected her personal life as well. Gereltsetseg was able to build a house for her family for example.

      With a loan, Gereltsetseg will be able to acquire new furniture for the business. Together with local partner VFM will Lendahand provide a loan that has te be repaid in 24 months. 

      Company nameGereltsetseg Ganjin
      CEOGereltsetseg Ganjin
      Founded2009-01-01
      LocationDarkhan city, Darkhan-Uul province
      SectorDistribution and Processing
      Turnover€10,008.62
      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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      We have already contributed to Gereltsetseg Ganjin

      Erik Hamelink
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      3
      investors