A loan of $2,125 helped to purchase more meat for her business.

Lhagvasuren's story

C. Lhagvasuren is 34 years old and lives with her father and 8 year-old daughter in Arkhhangai province in central Mongolia. She lives together with her family in a ger, a traditional Mongolian nomadic tent. Her daughter attends a local secondary school while her father stays home during the day.

Lhagvasuren operates a meat retail business at the local market in her town. Her business is very important to her as it is the only source of income for her family. Lhagvasuren started her meat business in 2005 with capital of about 100,000 tugrugs (~70 USD). Since then, she has established herself amongst her customers as being very reliable and trustworthy and her business has reaped the benefits. Today, after years of effectively managing her business' growth, her working capital exceeds 1,000,000 tugrugs (~700 USD).

For the future, Lhagvasuren hopes to grow her business further in the hope of owning her own stall at a large store. She is also focused on providing a quality life for her family, most importantly her daughter's education. She hopes that her daughter will one day become well educated and contribute to the future development of Mongolia. Lhagvasuren is requesting a 3,000,000 tugrug (~2100 USD) loan to purchase more meat for her business.

Loan details

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Loan details