funding gap emerging markets
Mongolia

Enkhbayar Bagsh

  • Vision Fund Mongolia
  • Local partner investment
  • + 4 other investors
  • With EUR 3,000 Enkhbayar is able to expand her product offering (e.g. cloting) and start renting a stall.

    €3,000
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,000
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 hours on 31 March 2016.
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      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Enkhbayar has been operating a business in retail for the past 12 years. She imports clothing and household goods from China and Russia and sells them from the boot of her car.

      After losing her husband in 2010, she went through a difficult time. Enkhbayar had to feed her family and pay for tuition fees for her two sons for example. In order to cope with the new situation, she had to work harder. Now, her oldest son graduated university and started supporting her in the business.

      Enkhbayar would like to diversity the product offering and rent a stall at local market to reach more customers. Together with local partner VFM Lendahand will provide a loan that must be repaid in 24 months. 

      Company nameEnkhbayar Bagsh
      CEOEnkhbayar Bagsh
      Founded2004-01-01
      LocationNalaikh city
      SectorWholesale / Retail
      Turnover€30,198.44
      Employees2

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