Gankhuu Mangal
With EUR 3,600 Gankhuu is able to expand the diversity of his product offering as demand grows.
The project
Gankhuu has been running a business in cosmetic for two years. After retiring from Erdenet mining corporation, Gankhuu desired to build his own business. He found out that representative office of Mild costemics, the Japanese brand, was planning to expand its chain stores in rural areas and suggested to open one in Erdenet city, the third-largest city of Mongolia.
The Japanese company granted his request. He therefore rented a stall at one of the main trade center in the city and hired an employee who is professionally trained by Mild cosmetics.
With a loan Gankhuu will be able to expand his business by increasing working capital and importing more types of beauty products from Japan. The loan will be repaid in 24 months.
Vision Fund Mongolia
Impact
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