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funding gap emerging markets
Mongolia

Munkhsaikhan Ulaankhuu

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 9 other investors
  • With EUR 3,600 Munkhsaikhan is able to acquire a small truck in order to optimize the logistics of her business.

    €3,600
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,600
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 17 hours on 17 September 2015.

      Explore the project

      Munkhsaikhan is a successful entrepreneur that owns a grocery store called Achit nuur. The store is situated at the edge of the capital. As there are few similar stores in the area and distances between them are great, a lot of customers stay loyal to Achit nuur for their supplies.

      Currently she employs one worker, but that is about to change. In order to supply more people in the area, an improvement in her logistic system would prove to be helpful. She has a plan for that, specifically to acquire a small truck.

      In order to acquire a truck though, she is in need of funding. Therefore, Lendahand together with local partner VFM will provide Munkhsaikhan with a loan that is repayable in 24 months.

      Company nameMunkhsaikhan Ulaankhuu
      CEOMunkhsaikhan Ulaankhuu
      Founded2014-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€19,579.79
      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 Munkhsaikhan Ulaankhuu

      Corné de Haas
      Gert Mosterd
      Ron van Eijk
      + and another
      9
      investors