Funded

Total loan: $1,200
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Bumtsend


A loan of $1,200 helped to buy more coal for resale.


Bumtsend's story

Bumtsend is 61 years old lives with his children and wife in a ger, a Mongolian yurt, in Ulaanbaatar city in Mongolia. His two children are high school students. His wife helps him to manage the family business. He started his business three years ago by selling wood and coal at the local market. He buys a truckload of coal at the price of 280,000 MNT. Then he packs the coal into smaller bags, and each bag costs 850 MNT. Aside from the coal, he also sells wood. On average, 5 truckloads of coal are sold each month. During the winter he sells coal and wood, and in summer he makes bricks. He is a diligent and hardworking man who says, "I want to expand my business and I have a plan to buy a truck for my business." He is requesting a 1,500,000 MNT loan to buy coal.



Loan details

Loan length:

20 months
Disbursed date: September 16, 2011

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: September 16, 2011