funding gap emerging markets
Mongolia

Dulamsuren Yungeren

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 11 other investors
  • With a loan of EUR 2,200 Dulamsuren can make more traditional Mongolian boots and repair the old ones.

    €2,200
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 hours on 16 September 2015.

      The project

      Dulamsuren (49), mother of five sells traditional Mongolian boots and getting orders for repairing old boots from neighbours. She is famous in this the area as she can turn clapped-out boots into a brand new boots. Besides, repairing and soling boots, making traditional Mongolian and Buryat boots by artificial leather, she sews deel (traditional Mongolian costumer) by silk and even makes ropes by camel’s long hair on the throat which is used a lot for making gers (portable Mongolian dwelling).

      In the future she plans to open her own small workshop in their yard and to buy more artificial leather to make traditional Mongolian boots in order to supply bigger market by taking out the second loan from VisionFund.

      Lendahand will provide the loan to Dulamsuren together with local partner VFM. The loan has to be paid back in 12 months.

      Company nameVision Fund Mongolia
      CEODulamsuren Yungeren
      Founded2000-01-01
      LocationUlaanbaatar
      SectorManufacturing / Production
      Turnover€5,364.32
      Employees2

      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 Dulamsuren Yungeren

      Gert Mosterd
      Ron van Eijk
      + and another
      11
      investors