Funded

Total loan: $2,375
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Lhagvasuren

Mongolia
Uvurhangai, Mongolia / Water Distribution

A loan of $2,375 helped to buy a truck.


Lhagvasuren's story

Lhagvasuren is 40 years old and lives with his wife and three children in a ger (Mongolian yurt) in the Uvurhangai province of Mongolia. His wife is a nurse while his eldest daughter is a college student and his younger two children are school students. He started his water business in 2004 by opening a well in his own yard. He provides all the water within a 1.5 km radius. It is difficult for customers to transport water; therefore, he is planning to buy a new truck to deliver the water. He is a hardworking and diligent man who is requesting 3,000,000 MNT to buy a truck.



Loan details

Loan length:

26 months
Repayment schedule: Irregularly
Disbursed date: October 4, 2011

Lenders and lending teams



Loan details

Loan length:

26 months
Repayment schedule: Irregularly
Disbursed date: October 4, 2011