Total loan: $1,775
Ulaanbaatar, Ulaanbaatar, Mongolia / Retail
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A loan helped to purchase large quantities of shoes to increase her sales volume.
Sarangerel, 48, is a shoe seller. She lives with her family in the ger district in a traditional Mongolian nomadic tent. Sarangerel sells her shoes in a bazaar in the suburban district of Ulaanbaatar, the capital city of Mongolia. She has been running her business for 7 years and she has many permanent customers. The Lunar Year is approaching. It is a traditional and respectful Mongolian celebration. The demand for commodities such as shoes will increase notably during these days. Therefore, she wants to prepare her commodities in advance of the celebration, which is a big opportunity for merchants. The loan she is taking will be dedicated to purchasing shoes in large quantities in order to increase her sales volume.