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funding gap emerging markets
Mongolia

Munkhjargal Purev

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 3,200 Munkhjargal will be able to purchase a new car for his transportation service.

    €3,200
    Amount
    3.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest3.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 20 October 2016.

      Summary

      Munkhjargal runs a business in transportation service for the past 5 years. As his business got expanded he hired one more employee to support him. He serves public with van between Altan-Ovoo and Shar Khad bus routes. Because of less local bus services provided in rural area of the Ulaanbaatar city, the need for the van service is high on the outskirt of the city.

      With a loan Munkhjargal will be able to enhance his working capital by purchasing new auto and improve the service for the regular clients.

      Local partner VFM will provide a loan to Munkhjargal that must be repaid in 24 months. 

      Company nameMunkhjargal Purev
      CEOMunkhjargal Purev
      Founded2011-01-01
      LocationUlaanbaatar city
      SectorServices
      Turnover€56,827.15
      Employees2

      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 Munkhjargal Purev

      Menne Glas
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      investors