Funded

Total loan: $1,450
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Batsukh

Mongolia
Darkhan, Mongolia / Clothing Sales

A loan of $1,450 helped to buy clothes to sell.


Batsukh's story

Batsukh, 58, lives with his family in Darkhan, second largest city in Mongolia. The family resides in their own apartment. His elder son is under a disability grant and his daughter, 27, teaches the Russian language at secondary high school; both he and his wife get retirement benefits. Also, his daughter sells clothes and based on her business experience, he began to sell clothes at retail; sometimes puts the products on other people’s counter temporarily. In future, he wants to purchase his own counter. He is requesting a loan of 2000000 MNT to increase his current assets. As a result, his business will expand, which will have positive effects on regional economic prosperity because medium and small business entities are the cornerstone of microeconomic development.



Loan details

Loan length:

26 months
Disbursed date: December 6, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: December 6, 2012