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funding gap emerging markets
Mongolia

Tsend-Ayush

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 4 other investors
  • With a loan of EUR 3,800 Tsend-Ayush will be able to purchase orders for winter hats including beanies.

    €3,800
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,800
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 hours on 22 November 2015.

      Summary

      Tsend-Ayush mother of two, sells hats and caps renting a stall at one of the biggest trade centre called Altan sags in Darkhan, the second large city in Mongolia. As Mongolia has four seasons, she has been selling various types of hats for 7 years. Her stall is the only one specialized in hats and caps at trade centre so needs are high and number of customers keep increasing. 

      With a loan, Tsend-Ayush will be able to purchase orders for winter hats including beanies, sable and fox fur hats importing from China. Moreover she wants to expand her business by opening her own shop and hire employee to reach more customers in the community of Darkhan.

      Lendahand will provide the loan to Tsend-Ayush together with local partner VFM. The loan has to be repaid in 24 months.

      Company nameTsend-Ayush
      CEOTsend Dugersuren
      Founded2008-01-01
      LocationDarkhan
      SectorWholesale / Retail
      Turnover€7,511.73
      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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