Funded

Total loan: $2,700
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Gantumur

Mongolia
Ulaanbaatar, Mongolia / Food Production/Sales

A loan of $2,700 helped to purchase a fridge and raw materials such as meat and flour for his dumpling-making business.


Gantumur's story

Mr. Gantumur is 35 years old and lives with his brother in Ulaanbaatar, the capital city of Mongolia. He has been making and selling dumplings since last year. He hires six workers and together they produce 100 kilograms of dumplings per day. In the summer, the orders for dumplings by retailers increases drastically, so he wants to increase output by 50 more kilograms. For this purpose, he is requesting a loan of 4,000,000 MNT to purchase an additional fridge and raw materials such as meat and flour. He delivers the orders of retailers by using his truck that accommodates fridges and dumplings. Before this dumpling business, he had been growing vegetables in countryside, and in the autumn he sold his harvest to vendors at market. His brother graduated this year and is currently seeking a job related to the human resources field. The borrower is a very hardworking person who has taken care of his brother.



Loan details

Loan length:

20 months
Disbursed date: July 2, 2013

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: July 2, 2013