Funded

Total loan: $2,025
Powered by 76 lenders

Enebish

Mongolia
Ulaanbaatar, Mongolia / Home Products Sales

A loan of $2,025 helped to purchase a large amount of books and furnishings to sell.


Enebish's story

Enebish is 52 years old and single. He lives with his granddaughter in her parent’s apartment in Ulaanbaatar, the capital. His granddaughter, 22, is a student whose parents have been working in Korea as contract workers for 10 years. Enebish sells home furnishings and mathematics books that are used in schools with additional training. He was a professional mathematics teacher. Initially, Enebish started his business in the 1990s while the Socialist era was collapsing. It was a rough time. The government didn’t have a money to pay for social servants and reduced the number of employees like teachers, militants, doctors and nurses. Therefore, many people used to do businesses and Enebish is one of them. The loan Enebish is taking will be used to increase his business capital to purchase a large amount of books and furnishings from Russia. Now Enebish buys his products from an intermediary. As a Soviet student, Enebish speaks fluently in Russian, so he won't have any problems with his business trip to Russia.



Loan details

Loan length:

20 months
Disbursed date: October 28, 2012

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: October 28, 2012