Funded

Total loan: $725
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Hongorzul


A loan of $725 helped to purchase tire repair equipment.


Hongorzul's story

Hongorzul is 34 years old and lives with her husband and son in Uvurhangai Province, Mongolia. She and her family live together in a traditional Mongolian nomadic housing tent called a "ger". They have been living together in their current home for eight years.

Hongorzul and her husband sell motorcycle parts at a local market called Uv-Tehnik (Inheritance-Technics). They sell a variety of Chinese and Russian motorcycle parts, repair equipment, and painting supplies. They purchase their products once or twice a month in Ulaanbaatar, the capital city of Mongolia.

Her working capital now exceeds 2,520,000 tugrugs (~ $1775 USD) and her average monthly sales revenue exceeds 800,000 tugrugs (~ $562 USD). Hongorzul's monthly profit is 215,000 tugrugs (~ $150 USD). She now operates her business in a shipping container that she owns. In the future, she plans to purchase a tire repair center, expand her production line, and increase the quantity of products that she sells.

Hongorzul is a very enthusiastic and hard-working person. She is requesting a 1,000,000 tugrugs (~ $700 USD) loan to purchase tire repair equipment for her business.



Loan details

Loan length:

14 months
Disbursed date: March 5, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: March 5, 2010