Funded

Total loan: $700
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Tungalag

Mongolia
Uvurhangai, Mongolia / Cosmetics Sales

A loan of $700 helped to purchase cosmetic items at wholesale prices.


Tungalag's story

Tungalag D. is a 48-year-old single mother with two children. She lives with her 24-year-old daughter in Ovorhangai province, one of Mongolia's central provinces. Her son is a student in the Mongolian University of Science and Technology in Ulaanbaatar, the capital city of Mongolia. She has a small retail business in pharmaceutical and beauty products. She rents a small stall at the local market and sells her pharmaceutical and beauty products. Depending on monthly sale amounts, she frequently travels to Ulaanbaatar and purchases more inventory products 2–3 times a month. She usually buys her products from Ulaanbaatar's wholesale markets. She aims to continue supporting her son's university education. She pays his tuition and living expenses with the business profit. Since her retail business is the only source of income for her family, she works very hard to meet all the financial obligations for her family as well as his son's education. She requests a loan to purchase more pharmaceutical and beauty products for her business.



Loan details

Loan length:

14 months
Disbursed date: June 23, 2009

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 23, 2009