100%

funded

Total loan: $4,050

Naranbat

Uvs, Uvs, Mongolia / Construction

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A loan helped to spend on current assets of both of her family's businesses, a wood shop and flour retailing.


Naranbat's story

Mrs. Naranbat is a 33-year-old borrower from Uvs, Mongolia. She lives with her husband and 3 children in their ger, a traditional nomadic yurt, on their plot of land. Her family is a warm, hardworking family which is representative of the average families of Mongolia. Naranbat's husband works in his small wood shop producing traditional ger parts, and Naranbat sells them in a local market. Her older 2 children attend a local school and the youngest child goes to a local kindergarten. Naranbat has been running her business for the last several years. In order to increase the family's income, she is starting a flour retailing business along with the wooden ger parts sales business. She is now requesting a loan of 7,600,000 MNT to spend on the current assets of her family's businesses, both the wood shop and flour retailing.