A loan of $1,425 helped to purchase more phone cards for his business.

Gombodorj's story

Gombodorj D. lives with his wife in the Chingeltei district of Ulaanbaatar, the capital city of Mongolia. Gombodorj has two grown-up children who live separately with their own families.

Together with his wife, Oyunchimeg, Gombodorj runs a small retail business selling phone cards and mobile phone accessories. In 2004, he rented a stall in a local market and started selling the phone cards that he bought from wireless phone service operators at wholesale prices and his wife sells them through their stall.

Their business started with 400,000 MNT (approximately $290) of capital. After a few successful years he has become an official distributor of phone cards for all four major domestic operators, and receives exclusive discount wholesale prices. Recently, he added two more domestic operators, G-Mobile and Mongolian Telecom Company. His business capital has increased to 1,500,000 MNT.

Gombodorj hopes to have his own shop to sell his phone cards, instead of renting a small stall at the local market. He requests a loan to purchase more phone cards for his business.

In the photo, Gombodorj's spouse Oyunchimeg is shown at their phone card sales stall.

Loan details

Lenders and lending teams

Loan details