Funded

Total loan: $5,025
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Magsarjav

Mongolia
Ulaangom, Uvs, Mongolia / Electrical Goods

A loan of $5,025 helped to purchase electric appliances to start his own business, selling electric appliances at retail.


Magsarjav's story

Mr. Magsarjav is 48 years old, and he lives with his wife and three children, in a house in Ulaangom soum, Uvs province, in western Mongolia. His wife, Tungalag, age 46, earns income by providing cobbler services at home. His son, Ganzorig, age 21, and daughter, Uranchimeg, age 19, are university students. His youngest son, Monh-Erdene, age 17, goes to a local secondary school.

Borrower has been running a wood-shop since 2000. He started a business, retailing construction materials at a rental counter of a local market, in 2009. Now, he is requesting to borrow 7,000,000 MNT, which he will use to purchase electric appliances, for starting up his own electric appliances retail business. He is a hard-working, open-minded and welcoming man.



Loan details

Loan length:

37 months
Disbursed date: February 25, 2013

Lenders and lending teams



Loan details

Loan length:

37 months
Disbursed date: February 25, 2013