Funded

Total loan: $1,200
Powered by 38 lenders

Handsuren


A loan of $1,200 helped to purchase more clothes in order to expand her business.


Handsuren's story

Handsuren N. is 39 years old and lives with her husband and three children in Arkhangai province in central Mongolia. She and her family live in a ger, a traditional Mongolian nomadic tent. Her two older children are university students and her youngest daughter attends a local secondary school. Her husband is a driver and operates a taxi service in their town.

N. manages a clothing business in her town. She sells a variety of clothing items that are imported from China. N. started her clothing business in 1999 with capital of 20,000 tugrugs (~14 USD). At first she only sold second-hand clothes, but after growing her business over the years, her success has enabled her to purchase and sell new clothes.

Today, her working capital exceeds 2,000,000 tugrugs (~1400 USD) For the future, N. hopes to continue to grow her business and says, "I hope to one day own my own workplace." She is requesting a 1,700,000 tugrug (~1200 USD) loan to purchase more clothes in order to expand her business.



Loan details

Loan length:

19 months
Disbursed date: October 2, 2009

Lenders and lending teams



Loan details

Loan length:

19 months
Disbursed date: October 2, 2009