A loan of $2,300 helped to purchase more clothing from Beijing, China.

Tuvd's story

Tuvd J. lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. Two of his children go to a local high school and the youngest daughter goes to a local kindergarten. Tuvd's wife is a cook in a small local cafeteria.

Tuvd has a small retail business selling women’s and men's clothing. He imports clothing from Beijing, China, and sells it at the stall that he rents in the Narantuul market, the largest outdoor market in Ulaanbaatar. Since 1999, his business has been doing well and his business capital has increased from 1,000,000 MNT to 3,500,000 MNT (1,000,000 MNT is approximately $715).

With his previous profit, Tuvd was able to buy a small piece of land on which he built a modest house for his family. In the future, he would like to expand his business and set aside some money for his children's future college tuition. His and his wife's ultimate goal is to send all three children to university. He requests a loan to purchase more clothing from Beijing, China.

Loan details

Lenders and lending teams

Loan details