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funding gap emerging markets
Mongolia

Naranchimeg Dalai

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 4 other investors
  • With a loan of EUR 2,600 Naranchimeg can purchase 2 sewing machines and hire 2 additional employees.

    €2,600
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,600
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 hours on 27 September 2015.

      Summary

      Naranchimeg sews workwears receiving orders from mining companies in Nalaikh city where it is rich of natural resources having many number of mining companies operating and needs are high for the workwear. Her daughter studies fashion design and also works with her helping in everything including sewing and making design of garments for workwear. 

      With a loan of 6,000,000 tugriks, Naranchimeg will be able to purchase more sewing machines and hire 2 more workers to expand her business and open her own sewing workshop. Lendahand will provide the loan together local partner VFM.

      Company nameNaranchimeg Dalai
      CEONaranchimeg Dalai
      Founded2014-01-01
      LocationNalaikh
      SectorManufacturing / Production
      Turnover€6,705.40
      Employees1

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Naranchimeg Dalai

      Joop Singeling
      + and another
      4
      investors