Funded

Total loan: $1,900
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Bayarmagnai

Mongolia
Selenge, Mongolia / Fruits & Vegetables

A loan of $1,900 helped to buy a new truck.


Bayarmagnai's story

Bayarmagnai is a 50-year-old man who lives with his wife and two daughters in Selen province in Northern Mongolia. His daughters work at a cafe. He started planting vegetables in 2000. Since 2007 he started to sell his vegetables in the border cities with his wife's help. He has been running this business with his wife and a son who lives independently from the parents. This has been a really successful business because the profits are high and the demand in different cities makes the business more popular.

Bayarmagnai is a hard-working man who says, "I would like to expand the business activity by buying a new truck for the business." The total amount he is requesting is 2,500,000 MNT to buy a new truck.



Loan details

Loan length:

26 months
Disbursed date: March 27, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: March 27, 2012