Funded

Total loan: $1,000
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Gundtsamba


A loan of $1,000 helped to expand an organic dairy products business by buying a cow.


Gundtsamba's story

Gundtsamba, 41, lives with his wife and four children in a ger (or traditional Mongolian yurt) in Uvurhangai province, Mongolia. His older daughter is a college student, two of his children are secondary school students and his youngest child stays at home. Gundtsamba started a shoe-production business in 2005, and makes traditional shoes with his wife. He also raises livestock, and has a herd of 100 animals which produce organic dairy products, including a good deal of organic milk (or koumiss) that he sells in the summer. He feeds his livestock in countryside and brings his organic dairy products to Uvurhangai province to sell. He wants to expand his dairy business by buying a cow. He explains why with these words: "Our children will soon start college. I have to save enough money for their tuition." Gundtsamba is good-natured man and is requesting a loan for 1,300,000 MNT to pay for the cow.



Loan details

Loan length:

26 months
Disbursed date: June 4, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 4, 2012