Funded

Total loan: $2,600
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Tsedev

Mongolia
Hovd, Mongolia / Clothing Sales

A loan of $2,600 helped to purchase more clothes to sell.


Tsedev's story

Tsedev N. is 38 years old and lives with his wife and two children in their own ger (the traditional housing tent) in Hovd province, western Mongolia. He and his family have been living in Hovd for over three years.

Tsedev and his wife, Bertsetseg, manage a clothing trading business at the local market in their town. They started their business in 2007 and since then they have gained much progress with it. Their earnings have enabled them to buy a new container at the local market from which they sell the clothing.

For the future, Tsedev hopes to use his experience to operate his own clothing store. He wants to sell a wider variety of clothes to meet all of his customers needs. He is requesting a 3,500,000 MNT loan to purchase more clothes to sell at retail prices.



Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: July 16, 2010

Lenders and lending teams



Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: July 16, 2010