A loan of $600 helped to purchase wool-processing equipment.

Dumaa's story

Dumaa B. is 56 years old and lives with her husband and three sons in Kharkorin, the capital city of the ancient Mongolian empire. Her sons are all well educated, with the youngest currently attending university and the older two having already graduated. Her older sons currently work in Ulaanbaatar, Mongolia's capital city, as engineers.

Dumaa has been operating a felt production business in Kharkhorin since 2002. She produces a variety of felt products, such as slippers, bags, jackets, etc. She has improved her skills and gained much experience since starting, and her business has grown as 2-3 other producers have joined her.

Dumaa used profits from her business to build her family a warm and cozy winter home. Her future business goals are to introduce her handicraft products to as many customers as possible throughout her community and also target the many foreign people that visit during the tourist season. She is requesting an 840,000 tugrug (approx. $580 USD) loan to purchase wool-processing equipment, which is essential for her to improve her product's quality and make her production process more efficient.

Loan details

Lenders and lending teams

Loan details