MongoliaTsetsegmaa Vanchig
With EUR 7,000 Tsetsegmaa is able to open an additional stall at the market to sell mobile phones.
€7,000
3.00%
24 months
6 months
EUR
Currency| Amount | €7,000 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Tsetsegmaa has been running a business in selling mobile phones at Anar trade centre in Nalaikh. At first, she came up with an idea to import and sell second-hand phones from South Korea when her husband used to work there.
After 6 years, as the business got expanded, they started to import brand new mobile phones for sale. Besides the couple, they have one employee at the moment. They are thinking about expanding though, and that will provide a job opportunity for another.
With a loan, Tsetsegmaa will be able to open one more stall and employ one more worker. Together with local partner VFM will Lendahand provide a loan, which will have to be repaid in 24 months.
| Company name | Vision Fund Mongolia |
| CEO | Tsetsegmaa Vanchig |
| Founded | 2009-01-01 |
| Location | Nalaikh |
| Sector | Wholesale / Retail |
| Turnover | €67,988.66 |
| Employees | 2 |
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