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funding gap emerging markets
Mongolia

Naranjargal Nyambuu

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 10 other investors
  • With a loan of EUR 2,600 Naranjargal is able to repair her automobile to provide a better delivery service.

    €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 1 day on 28 June 2016.

      The project

      Naranjargal runs a business in clothing sales from home providing delivery service for the past two years in Ulaanbaatar city. Her main advertisement channel is facebook page receiving orders online and she charges 2,000MNT (1$) per item delivery. She imports clothes from northern neighbor country China. As business grows, she started to supply bigger markets, shops and already has regular customers including contracted customers. Moreover, she has recently opened a small boutique for women’s clothing expanding her sales to Zavkhan province and hired an additional employee to support her.

      With a loan of 5.5 million tugrik, Naranjargal will be able to repair her automobile in order to provide a better and prompt service for her customers.

      Company nameVision Fund Mongolia
      CEONaranjargal Nyambuu
      Founded2014-01-01
      LocationUlaanbaatar
      SectorServices
      Turnover€27,958.99
      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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