Ariuntuya Munkhdelger

With EUR 2,600 Ariuntuya is able to acquire new sewing machines for her business and hire an additional worker.

funding gap emerging markets

The project

Ariuntuya has five years of experience in sewing sector. What started as a hobby soon resulted in her own business.

She started alone with just 2 sewing machines. Today she has 4 workers and 5 machines running her own workshop. And the business is still growing, as is the market business she is in. Therefore she plans to buy more machines and hire a new worker.

She lacks honest funding though. And that is where Lendahand and our local partner VFM step in by providing a loan together. Ariuntuya will have to repay the loan in 24 months.

Vision Fund Mongolia

CEO
Ariuntuya Munkhdelger
Founded
2010-01-01
Location
Ulaanbaatar
Sector
Manufacturing / Production
Turnover
€13,410.81
Employees
4
€2,600raised
Fully funded in 9 hours on 17 September 2015.
2investors
Invest in microfinance
€2,600
target
4.0
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved