Funded

Total loan: $4,300
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Davaa

Mongolia
Uvs, Mongolia / Wholesale

A loan of $4,300 helped to purchase an eco-friendly vehicle for the animal pelt business, which will reduce the transportation costs.


Davaa's story

Mr. Davaa is 50 years old. He lives with his wife and three sons, in Ulaangom soum, Uvs province, in western Mongolia. His wife Tseren, age 48, helps her husband to run their animal pelt and raw materials business. His sons Otgonbold, age 22, and Erbold, age 26, work at construction sites as assistant workers, and his son Batbold, age 16, goes to a local secondary school.

Borrower and his wife have been running their business of selling animal pelts and raw materials, since 2006. Davaa purchases animal pelts and hides from herders in the countryside and brings them to the city to sell. He needs to borrow 6,000,000 MNT, which he will use to purchase an eco-friendly vehicle for the business. The eco-friendly vehicle will reduce their transportation expense, and thereby increase their effectiveness. Davaa is a hard-working, modest and responsible man.



Loan details

Loan length:

25 months
Disbursed date: February 25, 2013

Lenders and lending teams



Loan details

Loan length:

25 months
Disbursed date: February 25, 2013