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funding gap emerging markets
Mongolia

Nordermaa Lochin

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 10 other investors
  • With a loan of EUR 3,200 Nordermaa is able to buy material and expand her clothing business.

    €3,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 12 September 2016.

      The project

      Nordermaa runs a business in cloth sales in Darkhan city, Mongolia. She rents an outside stall at the Buyan local market. Her first loan size started from 550,000 tugrik and since then she has taken 12 times. She has been running her business for the past 15 years and already has number of regular customers ordering for new products.

      With a loan of 8 million tugrik, Nordermaa will be able to expand her business increasing working capital.

      Company nameVision Fund Mongolia
      CEONordermaa Lochin
      Founded2001-01-01
      LocationDarkhan city
      SectorWholesale / Retail
      Turnover€8,038.58
      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 Nordermaa Lochin

      Martijn Kistemaker
      Ron van Eijk
      Gerard de Jong
      R. Dufour
      + and another
      10
      investors