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funding gap emerging markets
Mongolia

Javkhlant And

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 22 other investors
  • With EUR 13,800 Tsevelmaa will be able to expand her business by purchasing equipment for the noodle plant.

    €13,800
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,800
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 4 January 2016.

      Summary

      Tsevelmaa, the mother of three runs her business in two different areas. She runs a beauty salon renting a room at the Hair salon and owns a knife-cut noodle plant where she has three employees to work. In the further, Tsevelmaa plans to hire more additional workers and increase types products that are dumpling and buuz* (traditional mongolian food similar to dumpling but with bigger size). 

      With a loan of 30 million tugriks, Tsevelmaa will be able to expand her business, spending 10 million for working capital and 20 million for purchasing additional equipment for the noodle plant.

      Lendahand will provide the loan to Tsevelmaa, together with local partner VFM. The loan has to be paid back in 36 months.

      Company nameJavkhlant And
      CEOTsevelmaa Damdinsuren
      Founded2011-01-01
      LocationUlaanbaatar
      SectorServices
      Turnover€13,831.25
      Employees3

      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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