Funded

Total loan: $275
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Enhbaatar

Mongolia
Tosontsengel, Zavhan, Mongolia / Furniture Making

A loan of $275 helped to purchase raw material.


Enhbaatar's story

Enhbaatar A. is 33 years old and lives with his wife, Lhamsuren, and three-month-old baby boy, Nyambayar. Two years ago, Enhbaatar started a new business with his friend building his own ger and furniture. He was married that same year. The profit from their little business is the only income his little family has. It takes him anywhere from one to three months to finish the wood for a ger, and it sells for 1.5 to 2.5 million tugrugs (about $1,200 to $1,500). Usually the gers are then sent to UB to be sold. The wood is extremely expensive, so Enhbaatar would like a loan to help him buy the wood that he needs. He wants his business to do well so he can acquire his own building out of which he will work. In the meantime, he also drives a taxi to make ends meet. His wife doesn’t work, so she can stay home and take care of their new baby. Enhbaatar is an industrious, hardworking young man. He is very accommodating and a very pleasant person to be around.



Loan details

Loan length:

14 months
Disbursed date: January 26, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: January 26, 2010