A loan of $2,625 helped to purchase more clothes to sell.

Soronzonbold's story

Soronzonbold J. is a 47-year-old married man who has four sons with ages ranging between 5 and 20 years. He currently lives with his wife and two young children in Arhangai province, one of Mongolia's central provinces. Two oldest sons are both students in universities in Ulaanbaatar, the capital city of Mongolia.

Soronzonbold has a small retail business in clothing. He rents a small stall in the local black market and sells various men's and women's clothes. He frequently travels to purchase clothes from Ereen, China, a border town where many Chinese products are imported from. He started his retail business in 2000 with a small capital of 800,000 MNT ($1 USD = 1,450 MNT). Since the beginning, his business has been quite successful. With his profits, he was able to purchase a house on a small plot of land in the town. His current business capital is now above 2,848,000 MNT. He says that with his business profits, he has been supporting his family and his two oldest sons' university tuitions.

He hopes to expand his business by diversifying the clothes that he offers at his stall. He requests a loan to purchase more clothes from Ereen, China.

Loan details

Lenders and lending teams

Loan details