Funded

Total loan: $650
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Serdamda

Mongolia
Hovd, Mongolia / Fuel/Firewood

A loan of $650 helped to purchase more coal and collect dung and wood.


Serdamda's story

Serdamda D. is 43 years old and lives with his wife and four children in Hovd Province in Mongolia. He and his family live together in a ger, a traditional Mongolian housing tent. All four children attend a local secondary school. Serdamda and his wife operate a fuel-trading business in their town. He collects dried dung for fuel and rents a car to transport the dung to his town, where he sells it after packing it into bags.

Serdamda started his business in 2000 and has gained significant experience. He plans to save money for his daughter's future education costs. He says, "Our daughter is going to become a student in the next year; therefore, I am planning to save money from now on so that I can afford my daughter's tuition fees. I work hard to support my entire family." He is requesting a loan of 800,000 Mongolian tugriks (MNT) to purchase more coal and collect dung and wood to sell.



Loan details

Loan length:

26 months
Disbursed date: October 27, 2010

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: October 27, 2010