Funded

Total loan: $1,775
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Derchinnamsrai

Mongolia
Bayan-Ulgii, Mongolia / Manufacturing

A loan of $1,775 helped to purchase a large amount of metal from Erlian, China, to produce traditional latches for his clients.


Derchinnamsrai's story

Mr. Derchinnamsrai is 48 years old and lives with his wife and two daughters in a small house in the Bayan-Ulgii province of Mongolia. His wife, Tsermaa, works at a local school as a cleaning lady. His two daughters attend the local school and university. He has been crafting Mongolian traditional metal dead-latches since 2000. He is very talented and has lot of clients. He has built small houses for his two sons, and now he is planning to purchase inventory to increase his sales in order to save some money for his daughter's tuition fees and other school expenses. He is requesting 3,000,000 MNT for purchasing a large amount of metal from Erlian, China, to produce traditional latches for his clients. He is a hardworking, optimistic, and enthusiastic man.



Loan details

Loan length:

23 months
Disbursed date: August 14, 2013

Lenders and lending teams




Loan details

Loan length:

23 months
Disbursed date: August 14, 2013