Funded

Total loan: $1,675
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Demberel

Mongolia
Uvurhangai, Mongolia / Grocery Store

A loan of $1,675 helped to purchase more grocery items.


Demberel's story

Demberel, 56, is married and lives with his wife and two sons in Uvurhangai province, Mongolia. They live in a ger, the Mongolian traditional nomadic housing tent, in someone's back yard. His wife is a guard at a private company, while his two sons are employed as assistant construction workers.

Demberel manages a grocery trading booth near to his home. He started his business in 2008. Since then he has been able to stabilize his business and he attributes his business success to the good location of his booth. Now his monthly sales have reached to about $420. He sells a variety of grocery items, including vegetables, flour, candies and drinks. He is an open-minded and polite man who says, "One needs to work hard instead of doing nothing all day."

He is requesting a 2,000,000 MNT loan to purchase more grocery items in order to increase his sales.



Loan details

Loan length:

16 months
Disbursed date: April 4, 2011

Lenders and lending teams



Loan details

Loan length:

16 months
Disbursed date: April 4, 2011