Funded

Total loan: $1,100
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Monhbat


A loan of $1,100 helped to purchase raw materials for his newly started business of manufacturing traditional winter boots.


Monhbat's story

Monhbat is 32 years old and lives with his wife and his three children in a ger (a Mongolian yurt) in Tosontsengel, in the Zavhan province of Mongolia. His wife's name is Bulgan. She is 32 years old and she is unemployed. His three children go to the secondary school. He has been working as a boots manufacturer since 2009.

He is starting to manufacture traditional winter boots with his wife from now on. It will be a family business and they estimated their approximate profit and it will be enough to cover all family expenses. He is requesting a 1,500,000 MNT loan to purchase raw materials for his newly started business of manufacturing traditional winter boots. His goal is to expand the business in the future in order to increase his profit and save money for his children's education.



Loan details

Loan length:

26 months
Disbursed date: October 9, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: October 9, 2012