Funded

Total loan: $2,975
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Dorjrenchin


A loan of $2,975 helped to purchase petrol to resell.


Dorjrenchin's story

Dorjrenchin, 28, is married and lives with his wife and two daughters in Ulaanbaatar, the capital of Mongolia.They live in a ger, a Mongolian nomadic housing tent, in another person's backyard. They currently have a below average standard of living.

Dorjrenchin began delivering petrol in 2009. He was renting his sister's truck to deliver petrol, but purchased it from her last year. He buys large amounts of petrol at a wholesale price and sells it for a higher price. His business is new to the local market and his customers are happy to get this service as it makes their job easier. His business is becoming more stable.

Dorjrenchin is a hardworking, polite and caring person who says, " I work hard in order to take care of my children and wife and support their needs". He is requesting a loan of 3,700,000 MNT to purchase more petrol to keep in reserve and sell in the future.



Loan details

Loan length:

20 months
Disbursed date: February 23, 2011

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: February 23, 2011