Funded

Total loan: $1,650
Powered by 47 lenders

Boldbaatar

Mongolia
Ulaanbaatar, Mongolia / Manufacturing

A loan of $1,650 helped to buy 14 kilos of cashmere thread to produce clothing.


Boldbaatar's story

Mr. Boldbaatar is 49 years old and lives with his wife and two daughters in Ulaanbaatar, the capital city of Mongolia. His family currently live in rented flat.

Boldbaatar used to travel to the countryside to buy raw cashmere from herders and sell it to cashmere processing factories. In 2010 he bought a cashmere knitting machine and started producing cashmere products such as jumpers, sweaters, hats, scarfs and so on. Currently he employs four workers and besides making products, he also does dry cleaning for cashmere products.

Lately he started renting a stall inside the garment store and to sell his products to buyers directly. These kinds of products are very warm and light and they are in big demand in wintertime in Mongolia.

Boldbaatar is requesting a loan to buy 14 kilos of cashmere thread to supply his production. A bundle of 1 kilo thread costs around 150 USDs.



Loan details

Loan length:

21 months
Repayment schedule: Irregularly
Disbursed date: March 17, 2011

Lenders and lending teams



Loan details

Loan length:

21 months
Repayment schedule: Irregularly
Disbursed date: March 17, 2011