Funded

Total loan: $2,650
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Ganbold

Mongolia
Ulaanbaatar, Mongolia / Clothing Sales

A loan of $2,650 helped to increase working capital for his retail clothing buiness.


Ganbold's story

Ganbold is 26 years old and lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. He and his family live together in a traditional Mongolian nomadic housing tent called a ger. His 2-year-old daughter, Anujin, attends a local kindergarten. Ganbold currently operates a clothing sales business at Narantuul market, the largest and most crowded market in the city. He purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. He started his business in 2001 with working capital of 200,000 tugrug (~ 146 USD) and has expanded his business and built a loyal customer base. Recently, in 2008, Ganbold and his wife purchased their own plot of land. They have been planning to build a house with a yard on their own land and buy new car. Ganbold is a very hardworking person. He is requesting a loan to increase his working capital.



Loan details

Loan length:

21 months
Disbursed date: April 23, 2010

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: April 23, 2010