Funded

Total loan: $2,300
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Tsedendamba

Mongolia
Bayanhongor, Mongolia / Grocery Store

A loan of $2,300 helped to increase his working capital.


Tsedendamba's story

Tsedendamba C. is 63 years old and lives with his wife in Bayanhongor province in central Mongolia. He and his family live in a ger, which is a traditional Mongolian housing tent. He and his wife are retired, however, they are still capable of managing their own small business.

In 1995, the couple began their business with a slight amount of working capital, and since then the two have made a lot of progress in the business. Now they sell the products at their own store.

All of his four children live separately. Tsedendamba is a very hardworking entrepreneur and has very good character. He is focused on operating his business sustainably. Tsedendamba is proud that all his children have already established businesses of their own, so Tsedendamba and his wife can operate their food retail business for themselves only. He is requesting a 3,000,000 MNT loan to increase his working capital for his current business.



Loan details

Loan length:

14 months
Repayment schedule: Irregularly
Disbursed date: August 17, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Repayment schedule: Irregularly
Disbursed date: August 17, 2010