Funded

Total loan: $1,100
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Batbold


A loan of $1,100 helped to purchase goods from Korea.


Batbold's story

Mr. Batbold, 48 years old, lives with his daughter and mother in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. His daughter graduated last year and now teaches elementary classes at school. He has been rendering taxi service to local people for five consecutive years and accumulated a vast amount of experience. His mother gets a pension from the state. He is requesting a loan of 1,500,000 MNT to import goods from Korea. Then he will exchange those import goods for cashmere, which will be sold to customers and facilities in Ulaanbaatar. As a result, he can generate more income for his family. The borrower used our loan two times before and paid each installment on a fixed schedule without delay. He is a very hardworking individual who strives for a better future and wants to help his daughter with her wedding expenses.



Loan details

Loan length:

14 months
Disbursed date: February 1, 2013

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: February 1, 2013