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funding gap emerging markets
Mongolia

Narankhuu Purevsuren

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 24 other investors
  • With EUR 13,800 Narankhuu is able to import a large clothing batch for the coming Mongolian New year.

    €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 12 hours on 31 January 2016.

      Summary

      Narankhuu started a clothing business 3 years back. He mainly sells women's and children's clothing which he imports from neighbouring countries Russia and China on a monthly basis. 

      Narankhuu rents a stall in a large exhibition center in the capital. Due to the fact that his clothing is modern and of high quality, his store is frequently sold out. 

      With a loan Narankhuu will be able to place a large order that will prepare him for the upcoming Lunar New Year (Mongolian New Year), one of the most profitable holidays. Lendahand will provide a loan together with local partner VFM, which has to be repaid in 36 months. 

      Company nameNarankhuu Purevsuren
      CEONarankhuu Purevsuren
      Founded2013-01-01
      LocationUlaanbaatar city
      SectorWholesale / Retail
      Turnover€55,299.53
      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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      We have already contributed to Narankhuu Purevsuren

      Niek de Bruijn
      Harry Stein
      Tim Slijp
      Dirk Rentmeester
      + and another
      24
      investors