A loan of $850 helped to procure more goods.

Munkh-Erdene's story

Munkh-Erdene B. is 22 years old and lives with his wife and infant daughter in the Arkhangai province in central Mongolia. He currently operates a general goods retail business along with his wife in their town. Munkh-Erdene started his retail business in 2008 with capital of 500,000 tugrugs (about $345). His business has found much success in a short period of time. Today, his business capital exceeds 1,300,000 tugrugs (about $898).

In the future, he hopes to use his profits to expand his business by increasing the variety of goods that he sells. Munkh-Erdene attributes his success to his hardworking and modest business style. His dream is to one day own his own workspace and to purchase a car.

He is requesting a 1,200,000 tugrug loan to procure more goods to sell at his business.

Loan details

Lenders and lending teams

Loan details