MongoliaNaranjargal Nyambuu
With a loan of 3,400 EUR Naranjargal can open her second clothing store and hire more employees.
€3,400
3.50%
24 months
6 months
EUR
Currency| Amount | €3,400 |
| Interest | 3.50% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Naranjargal runs a business in clothes sales for the past two years in Ulaanbaatar city. She sells through internet using facebook online page and imports goods from neighbor country China. She also supplies her goods at the local markets, trade centers and organizations and charges only 2,000 tugriks (1$) for delivery service. As her business grew, she opened a new branch in Zavkhan province hiring additional employee and renting a stall there at the local market.
With a loan Naranjargal will be able to open one more new branch in the city and create additional job which will boost the efficiency of her business.
Local partner VFM provides a loan to Naranjargal that must be repaid in 24 months
| Company name | Vision Fund Mongolia |
| CEO | Naranjargal Nyambuu |
| Founded | 2014-01-01 |
| Location | Ulaanbaatar city |
| Sector | Wholesale / Retail |
| Turnover | €23,612.75 |
| Employees | 1 |
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