Funded

Total loan: $800
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Hosbayar


A loan of $800 helped to purchase sewing materials for making shoes and more wood for his business.


Hosbayar's story

Hosbayar is 35 years old and lives with his children and wife in a ger (a Mongolian yurt) in the Tosontsengel province of Mongolia. His children are high school students. His wife makes Mongolian traditional shoes and also supports the family business.

He started his carpentry business nine years ago and is now operating at his local hometown. In the future, he plans to expand his business. He is a diligent and hardworking man who says, "My wife used to make Mongolian traditional shoes and then she quit. Now she is making them again. This really helps our family. While [our] children are young, we want to make the family business expanded and grown. I want to improve my life and expand my business so much."

He is requesting a 1,000,000 Mongolian tugriks (MNT) loan to purchase sewing materials for shoes and more wood for his business.



Loan details

Loan length:

38 months
Repayment schedule: Irregularly
Disbursed date: September 22, 2011

Lenders and lending teams



Loan details

Loan length:

38 months
Repayment schedule: Irregularly
Disbursed date: September 22, 2011