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funding gap emerging markets
Mongolia

Munkhgerel Gombodorj

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 17 other investors
  • With EUR 4,400 Munkhgerel is able to continue her expansion strategy and enter a new clothing market.

    €4,400
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 26 October 2015.

      Summary

      Munkhgerel owns a business in trading and selling clothing at the Bumbugur market in Ulaanbaatar, the capital city of Mongolia. Moreover, she runs a small sewing workshop and sells her own produced clothing through that stall too.

      Recently, she expanded her business by renting an additional stall at different market, the Sunday plaza, and employed one worker so that she can spend more time working in the sewing shop and produce more clothes to sell. The latest expansion appeared to be a great strategy. Therefore Munkhgerel is eager to expand some more.

      In order for the next expansion to take place, she is in need of capital. Lendahand and local partner VFM will provide the entrepreneur with a loan so Munkhgerel is able to employ 1 more worker and rent the third stall in another trade center to reach a bigger market in the city. The loan will be repaid in 24 months.

      Company nameMunkhgerel Gombodorj
      CEOMunkhgerel Gombodorj
      Founded2013-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€6,622.51
      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 Munkhgerel Gombodorj

      Jelmer Stienstra
      Ron van Eijk
      + and another
      17
      investors