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funding gap emerging markets
Mongolia

Bayarjargal's Groceries

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 14 other investors

    • With a loan of EUR 6,400 Bayarjargal is able to realize their second supermarket on a prime location.

    €6,400
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,400
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 28 May 2016.

      The project

      Bayarjargal is father of two and lives with his family and mother in Nalaikh city, Mongolia. Bayarjargal and his wife run a small supermarket together. 

      They are planning to open another supermarket at the other location. Also they aim to hire 2 more employees. Their dream is to have many supermarkets at a good location.

      With a loan, he will be able to open new supermarket. Must be repaid in 18 months. 

      Company nameVision Fund Mongolia
      CEOBayarjargal Erdenechimeg
      Founded2011-01-01
      LocationNalaikh
      SectorWholesale / Retail
      Turnover€43,478.26
      Employees2

      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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      We have already contributed to Bayarjargal's Groceries

      Niek de Bruijn
      Aad Smits
      Jan de Wit
      + and another
      14
      investors