Funded

Total loan: $700
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Ganhuyag


A loan of $700 helped to purchase some necessary tools and supplies for his boot repair.


Ganhuyag's story

Ganhuyag is 44 years old and lives with his wife and two teenage children in the Arhangai province of central Mongolia. He and his family currently live in a rented house. His daughter, age 19, attends a vocational training center and his son, age 15, attends a local high school while his wife helps Ganhuyag with his boot-repair business.

Ganhuyag began his business in 2006 with working capital of 100,000 tugrugs (approx. 69 USD) and as a result of his hard work and good customer service, his working capital now exceeds 510,000 tugrugs (approx. 352 USD). He is working hard in order to one day own his own house and workshop and buy new work equipment. He is requesting a 1,000,000 tugrugs (approx. 690 USD) in order to purchase some necessary tools and supplies for his boot-repair business.



Loan details

Loan length:

14 months
Disbursed date: January 8, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: January 8, 2010