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MongoliaChandmani Altai
With a loan of EUR 2,000 Myadag will be able to open a second store and create jobs in the area.
€2,000
Amount
3.50%
Interest
12 months
Maturity
6 months
Repayments
EUR
Currency| Amount | €2,000 |
| Interest | 3.50% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
Fully funded in 12 hours on 28 November 2016.
The project
Myadag runs a small grocery store selling products and household goods for the past 8 years in Ulaanbaatar city. The grocery store locates at good location close to the central rode and bus station. She runs the grocery store for 24 hours and also started to sell fast food which attracts numbers of customers.
With a loan Myadag will be able to expand her business opening a new branch grocery store in remote area of Bayankhoshuu and create one more job.
Local partner VFM provides a loan to Myadag that must be repaid in 12 months.
| Company name | Vision Fund Mongolia |
| CEO | Myadag Bazarragchaa |
| Founded | 2008-01-01 |
| Location | Ulaanbaatar city |
| Sector | Wholesale / Retail |
| Turnover | €7,843.13 |
| Employees | 1 |
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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