Funded

Total loan: $2,425
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Batjargal

Mongolia
Hovd, Mongolia / Used Clothing

A loan of $2,425 helped to purchase more used clothes for resale.


Batjargal's story

Batjargal is 35 years old and lives with his wife and two sons in a 'ger', aMongolian traditional nomadic housing tent, in Hovd province, Mongolia. His sons, age 10 and 12, attend local secondary school. He manages meat sales and used clothing trading businesses with the help of his wife.

Batjargal himself is responsible for selling meat and meat products and his wife is responsible for selling used clothing. He started his meat trading business in 2003 and gained much experience. His business was quite successful which allowed him to start up the used clothing trading business in 2010. Even with one year of business operations, he has managed to stabilize his business and became well-known amongst his customers.

Now he earns a daily profit of 10,000-15,000 MNT from his meat sales business and a monthly profit of 300,000 MNT from his used clothing business. He is a polite man who says, "I am planning to continue my businesses in the future." He is requesting a 3,000,000 MNT loan to purchase more used clothes for his business.



Loan details

Loan length:

26 months
Disbursed date: April 15, 2011

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: April 15, 2011