Funded

Total loan: $2,275
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Baatarzorig

Mongolia
Hentii, Mongolia / Retail

A loan of $2,275 helped to purchase more raw materials.


Baatarzorig's story

Baatarzorig C. is 33 years old and lives with his wife and two daughters in a ger, a traditional Mongolian nomadic housing tent, in Hentiy Province, Mongolia. His two daughters both attend local primary school. Baatarzorig and his wife own a raw materials business in their town where they buy raw materials locally and sell the materials both at the market in Ulaanbaatar, the capital city of Mongolia, and in Nalaih city, in the remote district of Ulaanbaabar, for a profit.

He started his business in 2000 with working capital of 150,000 MNT and has built a stable operation. After years of successful operations he has managed to increase his working capital to a level exceeding 4,000,000 MNT today. Baatarzorig has gained much experience and knowledge over the years, and he hopes to use this experience and knowledge to keep his business growing.

His earnings have enabled him to renovate his house and purchase new furniture. In addition, he has used his earnings to build a new garage which is used for storage of his raw materials. With profits from his enterprise, he has also been able to greatly improve his family's standard of living. Baatazorig is a very helpful and hardworking man who is requesting a 3,000,000 MNT loan to purchase more raw materials such as sheep and goat's skin, leather and wool, etc. in order to ultimately increase his working capital.



Loan details

Loan length:

14 months
Disbursed date: September 24, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 24, 2010