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funding gap emerging markets
Mongolia

Sukhbat Bayarsaikhan

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 17 other investors
  • With a loan of 8,600 EUR Sukhbat can open an additional clothing store and hire a new employee.

    €8,600
    Amount
    3.75%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,600
    Interest3.75%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 27 October 2016.

      The project

      Sukhbat runs a business in clothing sales with the support of his wife for the past 11 years in Ulaanbaatar city. He imports office clothes and workwears for female and male both from Korea. He rents a stall at the local trade center and his wife supports him standing at the stall. As his business got expanded, he plans to rent one more stall at another trade center.

      With a loan Sukhbat will be able to enhance his working capital and hire additional employee as he is planning to open one more stall.

      Local partner VFM will provide Sukhbat with a loan that must be repaid in 36 months. 

      Company nameVision Fund Mongolia
      CEOSukhbat Bayarsaikhan
      Founded2005-01-01
      LocationUlaanbaatar city
      SectorWholesale / Retail
      Turnover€43,290.04
      Employees1

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Sukhbat Bayarsaikhan

      A. Pronk
      + and another
      17
      investors