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funding gap emerging markets
Mongolia

Davaasuren Dorjsuren

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 3 other investors
  • With a loan of EUR 2,600 Davaasuren will be able start the second business and open a new tire repair shop.

    €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 15 hours on 26 April 2016.

      The project

      Davaasuren runs a small manufactory producing iron stove in Ulaanbaatar city. He has 16 years of experience and numerous regular customers. Currently, he has one worker to help him and receives orders for iron stove according to customer’s interest of any size and shape which makes customers come back again.

       With a loan of 6 million tugrik, Davaasuren will be able start the second business and open a new tire repair shop. He has already prepared his workplace and is planning to buy necessary equipments for the workshop and hire an additional employee to support him. 

      Company nameVision Fund Mongolia
      CEODavaasuren Dorjsuren
      Founded2000-01-01
      LocationUlaanbaatar
      SectorManufacturing / Production
      Turnover€8,912.65
      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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