A loan of $700 helped to purchase raw wool.

Soronzonbold's story

Soronzonbold D. is 39 years old and lives with his wife and 2 children in Arkhangai province in central Mongolia. His children currently attend a local secondary school. He has operated a raw wool trade business since 2001. He started the business with an investment of 200,000 MNT and after years of profits and savings has current working capital of 700,000 MNT. <{>

He buys raw wool from local herders in the countryside and the central market in the province capital and then sells it in Ulaanbaatar, the capital of Mongolia. Thanks to the success of his business, he has a good market share. He recently bought some livestock for breeding purposes, but his main goal is to start a vegetable-growing business. He is requesting a loan to increase his working capital for the new business.

Loan details

Lenders and lending teams

Loan details