Funded

Total loan: $2,425
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Tsogtbaatar


A loan of $2,425 helped to purchase a stitching machine and materials.


Tsogtbaatar's story

Tsogtbaatar, 40, is married and lives with his wife and three sons in Ulaanbaatar, the capital of Mongolia. They live in a house on a small plot of land that they own. His oldest son attends a college and their second son goes to a local secondary school while the youngest son goes to kindergarten.

Tsogtbaatar lived in Japan for a few years and began making felt souvenirs and other items when he came back to Mongolia five years ago. He owns a building which he rents out for 400,000 MNT monthly to other business operators. His wife helps him to operate his business and that makes his business more family-based. They export their feltcraft items to Russia.

Tsogtbaatar is a hardworking and initiative person who says, "I want to share with my community my business experience which I have gained so far in order make a contribution to the development of my country." He is requesting a loan of 3,000,000 MNT to purchase a stitching machine and materials for his feltcraft business.



Loan details

Loan length:

14 months
Disbursed date: February 17, 2011

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: February 17, 2011