Funded

Total loan: $4,400
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Tumurhuyag


A loan of $4,400 helped to finance car wash equipment.


Tumurhuyag's story

Tumurhuyag is 27 years old man from Ulaanbaatar, Mongolia who lives in a rental apartment with his wife and two year old daughter.

Tumurhuyag started a second-hand tire sales business with his wife Gantsetseg in 2012. His wife is a translator and Mongolian language teacher. He is currently attending classes at a medical university. Ulaanbaatar relocated its market and he and he can no longer run his business.

He is renting a car wash business to support his family. Approximately 2000 vehicles are imported every month and demand for his business is increasing.

Tumurhuyag is requesting a 8,000,000MNT loan to finance the equipment and working capital. He is open-minded and strives to run his business consistently and persistently.

Tumurhuyag is a Youth Business Mongolia Project of Development Solutions finalist. He was appointed an experienced mentor to help run his business.

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Youth Business Mongolia is a subsidiary of Mongolia of Youth Business International, organized by Development Solutions NGO to support young entrepreneurs and their ideas. It offers training, mentoring and technical assistance.



Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: August 8, 2014

Lenders and lending teams




Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: August 8, 2014