Funded

Total loan: $1,725
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Baasansuren

Mongolia
Ulaanbaatar, Mongolia / Charcoal Sales

A loan of $1,725 helped to purchase a large amount of coal for sale.


Baasansuren's story

Mr. Baasansuren, 35, runs a translation bureau in the town of Ulaanbaatar, the capital city of Mongolia. He lives with his son and wife in the boundary district of Ulaanbaatar. He has been running his business for five years and still has not been able to increase his income significantly. Due to this he decided to start a new business selling coal for fuel usage in addition to his translation business. According to his plan, after his new business becomes stable, his income will increased notably after he pays back all debts. Initially he needs enough working capital to stablize his new business. The loan he is taking will be used to purchase the a large amount of coal for sale.



Loan details

Loan length:

14 months
Disbursed date: November 7, 2011

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: November 7, 2011