Funded

Total loan: $1,825
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Magsarjav

Mongolia
Orhon, Mongolia / Grocery Store

A loan of $1,825 helped to purchase a fridge and other equipment and inventory to run his grocery store without temporarily stopping.


Magsarjav's story

Mr. Magsarjav is 29 years old and lives with his wife and daughter in a small house in Orhon Province, Mongolia. His wife, Otgon-Erdene, age 24, studies at university for her masters and is now temporarily staying home taking care of their newborn baby daughter Enhsaran, 7 months. The borrower has been running his grocery store since 2010 on his plot of land. He is now requesting 2,500,000 MNT to purchase a fridge and other equipment and inventory to run his grocery store without temporarily stopping. He is a hardworking and optimistic person who says, "My wife has not yet graduated and I need to pay her tuition and also cover all my newborn daughter's expenses."



Loan details

Loan length:

13 months
Disbursed date: December 15, 2012

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: December 15, 2012