A loan of $1,275 helped to purchase basketballs and kites.

Altansuh's story

Altansuh D., 28, is a married father of one son. His family lives in a "ger" (nomadic housing tent) district on rental land in Ulaanbaatar, the capital city of Mongolia. His son, Yusuntumur, is 2 and taken care of by Altansuh's mother-in-law.

In 2004, Altansuh started running a retail business selling a variety of small items depending on the season. For instance, he sells balls and other outdoor toys in the summer. In the autumn, he sells books and school suits, while in the winter he sells socks, gloves, Christmas trees, etc.

Altansuh goes to Ereen, a Chinese border city, once or twice a month to purchase goods for his business. Since last summer, Altansuh's wife, Otgon, who is 27, has been helping her husband's business. With the profit, Altansuh has already started saving small amounts to have his own place to live. "By 2010, I’m aiming to purchase a plot of land and a small house unless land prices increase," he said. With this loan, he will purchase outdoor toys such as basketballs and kites to increase his business inventory.

Loan details

Lenders and lending teams

Loan details