Funded

Total loan: $1,150
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Nyamtseren

Mongolia
Hovd, Mongolia / Clothing Sales

A loan of $1,150 helped to purchase new season's clothes.


Nyamtseren's story

Nyamtseren T. is 49 years old and lives with his wife and two adult daughters in Hovd province of Mongolia. His daughters, ages 21 and 20, both attend university. In 2000, he began his business of selling clothes, with help of his wife, and has since managed to increase his working capital. His earnings have enabled him to purchase an apartment for his family in Ulaanbaatar, the capital city of Mongolia. Nyamtseren hopes to continue expanding his business and save money for his children's future education. He is an honest and well disciplined man. He is requesting a 1,500,000 MNT loan to purchase new season's clothes for the upcoming autumn months in order to increase his sales.



Loan details

Loan length:

10 months
Disbursed date: October 4, 2010

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: October 4, 2010