Total loan: $2,050


Flag of Mongolia
Yaarmag, Ulaanbaatar, Ulaanbaatar, Mongolia / Arts

Gantsetseg's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to purchase more fabrics, wool yarns and a knitting machine.

Gantsetseg's story

Gantsetseg B. is 31 years old and lives with her husband and two sons in a ger, a traditional Mongolian housing tent, in the Yaarmag of Han-Uul district of UlaanB., the capital city of Mongolia. Her two sons both attend a local secondary school and her husband works as a driver for the "Auto Speed Company". Gantsetseg is self-employed, making a variety of knitted and woven products in her home. She started her business in 2001 with working capital of 100,000 MNT and has built a stable operation. At first, she started her business with only one sewing machine. After many years of hard work, she managed to expand her business and today her working capital exceeds 2,500,000 MNT with 4 sewing machines. For the future, she plans to establish her own knitted clothing factory. She also needs to hire 3 workers for her 3 sewing machines. Gantsetseg is a hardworking and modest person. She is requesting a 2,500,000 MNT loan in order to purchase more fabrics, wool yarns and a knitting machine for producing her woolen clothes.