Total loan: $2,425
Ulaanbaatar, Ulaanbaatar, Mongolia / Housing
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Riimaa's loan finished fundraising,
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A loan helped To buy necessary building materials such as a cement, sand, gypsum boards, etc.
Mrs. Riimaa is a 46-year-old divorcee. She lives with her four children in Ulaanbaatar, the capital city of Mongolia. She has been running a clothes retail business for 12 years. She has stall at the Kharkhorin, the second largest outdoor market in Ulaanbaatar city. Twelve years ago she started up her business with 80 USDs as starting capital and now her working capital has reached 2400 USDs. Recently she has added one more stall at the market to increase her sales and profit. Her three daughters help in her business. Last year she started a family house building project and it is not completed yet. The exterior is nearly finished and the interior decoration needs to be done. She is planning to move in before September 2011. The loan Riimaa is taking will be used to buy necessary building materials such as a cement, sand, gypsum boards, plaster, paint and wallpaper and to complete the interior decoration of the house.