Funded

Total loan: $2,200
Powered by 59 lenders

Banzragch


A loan of $2,200 helped to purchase inventory.


Banzragch's story

Banzragch C. is 53 years old and lives with his wife and two children in Tosontsengel, a city of Zavhan province, western Mongolia. His wife operates a clothing sewing business and his elder son works in Ulaanbaatar, the capital city of Mongolia while the youngest son attends a local middle school. The family has been living in their current home for 22 years. Banzragch makes iron items in his own shop near the family home. He started this business in 1995 and has since made quality products for the people of his province. He has found out the advantage of his business is that there are very few people in his province operating an ironsmith business supplying local citizens with ironwork products. Banzragch also wants to expand his business by making more products and further improve his family’s financial situation and the quality of life. Banzragch is a very modest person. He is requesting a 3,000,000 MNT loan to buy more iron and welding products for his business.



Loan details

Loan length:

26 months
Disbursed date: July 16, 2010

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: July 16, 2010