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funding gap emerging markets
Mongolia

Ganchimeg Jamts

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 5 other investors
  • With EUR 2,200 Ganchimeg can invest in a vehicle to expand the area she can service with her bakery.

    €2,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 24 February 2016.

      Summary

      Ganchimeg started a catering business 20 years ago. After catering to lots of people on all kinds of events, she decided to shift focus and started a bakery in 2013. 

      She is well known in her community for her fresh and high quality pastries, cakes and pickled vegetables that she makes at home. Currently she supplies three grocery stores. Her daily target is to make 50-75 fried meat pies which she sells for approx. 50 cents and she can make 10-15 cakes per month. 

      With a loan Ganchimeg will be able to purchase a vehicle to improve her distribution process and service a larger area. Lendahand will provide a loan to Ganchimeg together with local partner VFM. The loan has to be repaid in 24 months.

      Company nameGanchimeg Jamts
      CEOGanchimeg Jamts
      Founded2013-01-01
      LocationZuunkharaa city, Selenge province
      SectorManufacturing / Production
      Turnover€4,444.44
      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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