Funded

Total loan: $1,575
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Janbolat

Mongolia
Bayan-Ulgii, Mongolia / Furniture Making

A loan of $1,575 helped to buy a car to cut time and transport costs for his business.


Janbolat's story

Janbolat is father of one child and lives with his wife and son in ger (Mongolian yurt) in Bayan-Ulgii province, Mongolia. His wife is unemployed and looks after their son at home.

Janbolat moved to the province center in 2008 and started his business. Now he has own joinery beside his house and makes woodenwares by subscription. He has enough tools. When construction materials' prices become high, the cost of disposal (of timber waste) rises too. He spends too much time when he goes to get orders off people. So he needs car in order to cut time and transport costs. He is hardworking and laconic man. He is requesting 2,000,000 MNT loan in order to buy a car.



Loan details

Loan length:

26 months
Repayment schedule: Irregularly
Disbursed date: November 8, 2011

Lenders and lending teams



Loan details

Loan length:

26 months
Repayment schedule: Irregularly
Disbursed date: November 8, 2011