Funded

Total loan: $1,425
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Davaasuren

Mongolia
Ulaanbaatar, Mongolia / Clothing Sales

A loan of $1,425 helped to buy more men's and women's apparel from Ereen, China.


Davaasuren's story

Davaasuren J. lives with her husband and 20-year-old son in Arhangai Province, one of Mongolia's central provinces. Their son goes to a local university.

Davaasuren has a small retail business in clothing. She usually travels to Ereen, China, a border town from where many inexpensive Chinese products are exported, and purchases inexpensive yet attractive clothing for women and men.

She started her business in 2005 with a loan of 700,000 MNT (approximately $500). Within two years, she was able to buy a small car for her family with the business profit. Today, her business has expanded; business capital has exceeded 2,000,000 MNT. She says that she works hard on her business in order to make sure that her son receives a good education without any financial strains.

She requests a loan to purchase more clothes from Ereen, China.



Loan details

Loan length:

14 months
Disbursed date: May 26, 2009

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: May 26, 2009