Funded

Total loan: $2,125
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Erdenebayar

Mongolia
Ulaanbaatar, Mongolia / Livestock

A loan of $2,125 helped to purchase sheep.


Erdenebayar's story

Mr. Erdenebayar, who is 38 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on their own plot of land. He has been running a taxi service to local people since 2009 and has accumulated a vast amount of experience in picking up customers, driving them to their destination quickly and taking short routes. His wife has been making and selling Mongolian traditional clothes, called deel, to local people. Using his previous loan, he purchased an electric sewing machine for his wife's business in order to increase her labor efficiency. He is requesting a loan of 3,000,000 MNT to purchase some sheep. During the summer time, he will feed the sheep and later in autumn he will sell them at a higher price in the markets. By beginning this business, he will improve his family's living condition greatly. Mr. Erdenebayar is a very hardworking individual who strives for a better future.



Loan details

Loan length:

14 months
Disbursed date: May 21, 2013

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: May 21, 2013