Funded

Total loan: $975
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Erdenebat


A loan of $975 helped to increase working capital.


Erdenebat's story

Erdenebat is 36 years old and lives with his wife and two daughters in Ulaanbaatar, the capital city of Mongolia. They all live together in their own house. His daugther, Munkhchuluun, is 14 years old and attends a local secondary school. His younger daughter, Munkhchimeg, is three years old and attends kindergarten. During the day, Erdenebat’s wife, Tsogzol, operates a trading business at a local market called Narantuul. She operates a retail business and purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. She started her business in 2000 with working capital of 500,000 tugrugs ( about $362). After years of successful operations, she has managed to increase her working capital to a level exceeding 2,000,000 tugrugs (about $1,445) today. Erdenebat operates a transportation business in his local area. Erdenebat is now requesting a loan for his wife's business to purchase a variety of products in Ereen, a Chinese border town, to resell for a profit.



Loan details

Loan length:

14 months
Disbursed date: May 11, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: May 11, 2010