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Total loan: $2,875
Ulaanbaatar, Ulaanbaatar, Mongolia / Food
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Myagmarjav's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to start a food store.
Myagmarjav is 25 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a traditional Mongolian tent, in the ger district of the city, with no running water, minimal roads and spotty electricity. Since 2004 Myagmarjav has operated a poultry farm. After years of successful operations, she has been able to purchase home furniture and a vehicle. But over the years, many people have taken up poultry-farming and her income has decreased. She is asking for a loan of 4,000,000 MNT to build a food store. By doing this, her family income will increase. Her family is the most important thing to her and she says, “As a mother, I would like to be financially able to provide a good education and other necessary expenses for my children until they grow up." For this reason she wants start this new business.