Funded

Total loan: $2,400
Powered by 88 lenders

Urtnasan

Mongolia
Uvs, Mongolia / Food Stall

A loan of $2,400 helped to increase his working capital.


Urtnasan's story

Urtnasan O. is 26 years old and lives with his wife and two children in Uvs province, western of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. Urtnasan and his wife operate a food trading business out of a store in their town. He began his business on the advice of his wife in 1991. He purchased a small store with 2,500,000 MNT where they sell consumer food. His daily profit ranges between 80,000 to 100,000 MNT. Not only has his business grown in profits, he plans to expand the store as a supermarket and increase the amount and types of products he sells. The family purchased a small car with their business profit and now their working capital and supplement has reached 1,800,000 MNT. Urtnasan is requesting a 3,300,000 MNT loan in order to enlarge his business.



Loan details

Loan length:

26 months
Disbursed date: June 17, 2010

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 17, 2010