Funded

Total loan: $2,125
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Nyamsuren

Mongolia
Ulaanbaatar, Mongolia / Construction Supplies

A loan of $2,125 helped to buy raw materials such as sand and small rocks.


Nyamsuren's story

Nyamsuren C. lives with his wife and three children in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. His two oldest children both go to private high schools and the youngest daughter goes a local kindergarten.

Nyamsuren runs a small factory that produces concrete blocks for construction in the city. His factory is located in Tolgoit, one of the suburban areas of Ulaanbaatar, connected to the city by a paved road. His factory currently has three employees and he plans to expand the factory as the demand for construction materials in the city picks up soon.

Nyamsuren works hard in order to be financially able to meet his family's ever increasing expenses. His two children both go to private schools and it significantly adds up to the family expense. He stressed the importance of education for his children and hopes to keep supporting their education as long as he can. Nyamsuren requests a loan to purchase raw materials for his concrete-block-making business.



Loan details

Loan length:

14 months
Disbursed date: June 10, 2009

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 10, 2009