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A loan of $2,850 helped to purchase more food supplies and products for his business.

Idertsog's story

Idertsog is a 39-year-old man who lives with his wife and three children in the Arhangai province of Mongolia. Idertsog began his business in 2001 by selling a variety of consumer goods imported from China. This business started with a working capital of 1,000,000 tugrug (~700 USD). As his sales increased, so did his need for selling space. Therefore, in 2005, he bought a shipping container in which to sell his products and a truck to transport his products. Now his working capital is approximately 6,000,000 tugrug (~4200 USD). This business is the only source of earnings for him and his family, and he is requesting a 4,000,000 tugrug (~2800 USD) loan so that he may purchase more supplies and products for his business.

Loan details

Lenders and lending teams

Loan details