Funded

Total loan: $1,575
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Zagar

Mongolia
Uvurhangai, Mongolia / Clothing Sales

A loan of $1,575 helped to buy clothes for his new business.


Zagar's story

Zagar is 34 years old and lives with his wife and three children in a ger (a Mongolian yurt) in Uvurhangai Province, Mongolia. He started his taxi service business in 2007 with his own car. Now that he has saved some money, he wants to run a garment retailing business with his wife. He has already rented a counter in the biggest market in the province and he has also contacted the supplier. In order to run a business successfully, his money is not quite enough. He is a sharp and hardworking man who says "the taxi service business is not expandable. It is basically the same thing everyday so I want to increase my income by operating a clothing sales business." He is requesting a 2,000,000 MNT loan to buy clothes for his new business.



Loan details

Loan length:

26 months
Disbursed date: October 25, 2011

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: October 25, 2011