Funded

Total loan: $2,300
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Munkh-Erdene

Mongolia
Ulaanbaatar, Mongolia / Fuel/Firewood

A loan of $2,300 helped buy a new truck to carry fuel/firewood.


Munkh-Erdene's story

Munkh-Erdene is a 35-year-old entrepreneur who supports his family by operating a fuel/firewood selling business at the largest outdoor wood market in Ulaanbaatar city, Mongolia. He lives with his wife in the outer ger district without the basic infrastructure of the city.

Munkh-Erdene’s wife helps to him operate his business. Both of them are very experienced in this business. In winter Mongolia is very cold and that kind of business is becoming popular, so they want to purchase more fuel/firewood to sell.

Currently, Munkh-Erdene has an old small truck, but that truck's capacity is too small, so he needs a new one. With this 3,000,000 MNT (Mongolian Tugriks) loan, he wants to buy a truck to carry his fuel/firewood.



Loan details

Loan length:

14 months
Disbursed date: November 24, 2011

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: November 24, 2011