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funding gap emerging markets
Mongolia

Naranzul Dondov

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 10 other investors
  • With a loan of EUR 3,200 Naranzul will be able to invest into her family well-being building and make more clothes.

    €3,200
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 30 June 2016.

      The project

      Naranzul is a tailor who works from home and sews traditional Mongolian clothes including costume called “deel” and waistcoats made by silk for the past four years in Ulaanbaatar city. Her husband also supports her and makes traditional boots for cold winter.

      With a loan of 7 million tugrik, Naranzul will be able to invest into her family well-being building additional entrance to Ger (traditional dwelling like tent), repair her house and purchase oven. Moreover, as biggest festival of summer called Naadam is coming, she is receiving more order for traditional costumes. So she plans to enhance her working capital purchasing material for sewing more costumes and hire an additional employee to support her.

      Company nameVision Fund Mongolia
      CEONaranzul Dondov
      Founded2012-01-01
      LocationUlaanbaatar city
      SectorManufacturing / Production
      Turnover€23,288.30
      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 Naranzul Dondov

      Frans Wittenberg
      + and another
      10
      investors