Khishigsuren Namjil

With a loan of EUR 2,200, Khishigsuren will be able to expand her business by enhancing her assortment.

funding gap emerging markets

The project

Khishigsuren runs a business in sales sector for the last 10 years in Darkhan city. She has been selling grocery, foods and household products renting a stall at Bud trade center for a year. Prior to that, she used to sell second hand stuff at the local market outside. 

Her first loan size started from 220,000 tugrik but today it is increased up to 5 million tugrik at the 12th cycle. With a loan of 5 million tugrik, Khishigsuren will be able to expand her business by enhancing the order for product sales.

Lendahand will provide this loan to Khishigsuren together with local partner VFM. The loan has to be repaid in 24 months.

Vision Fund Mongolia

CEO
Khishigsuren Namjil
Founded
2004-01-01
Location
Darkhan city
Sector
Wholesale / Retail
Turnover
€5,963.30
Employees
1
€2,200raised
Fully funded in 2 days on 26 December 2015.
5investors
Invest in microfinance
€2,200
target
3.0
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved