A loan of $1,100 helped to buy sheep and cows from local herders.

Horolgarav's story

Horolgarav S. is 43, married and has two sons. Her family lives in a ger (a nomadic Mongolian tent) district in Arhanghay, one of Mongolia's central provinces. Her eldest son married and lives apart from his parents. The youngest son, Ganbayar, is 19 and is attending high school. Horolgarav's family proudly owns the plot of land where they live.

Together with her husband Batmunh, Horolgarav has been running a butcher stall at the local market. In 1996 they bought and opened their first butcher stall at the market, giving them 13 years of experience in the industry. Both she and her husband are well respected by their community and have many repeat customers. At the start, their business working capital was 200,000 tugrik (roughly $US140). Because of Horolgarav's 13 years of hard work, her inventory has increased to 2,500,000 tugrik.

With this loan Horolgarav will buy more sheep and cows from local herders. She is planning to buy another stall soon to expand her family business.

Loan details

Lenders and lending teams

Loan details