A loan of $1,400 helped to purchase small consumer goods such as pens, notebooks, hangers, etc.

Myanganzul's story

Myanganzul started a consumer goods trading business with her husband in 2006 at the local market XACU. They buy small-sized goods, such as pens, notebooks and hangers, from Erlian, China and sell them at their stall in the market and by traveling directly to herders in the countryside.

Myanganzul is 36 years old and lives with her family in Arkhangai province in central Mongolia. She and her husband, a local taxi operator, and their two school-age daughters live in a ger (traditional nomadic tent).

Myanganzul is very hardworking and her business is doing very well. Through her profits, she has been able to increase her capital from 500,000 tugrugs (~ $345), when she started the business, to nearly 1,500,000 tugrugs (~ $1,035) today. In 2008, she and her husband purchased a car for her husband's taxi service. She says, “All of the income generated from our businesses is used for our household needs.” She is requesting a loan of 2,000,000 tugrugs (~ $1,380 US) to expand her business.

Loan details

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Loan details