Funded

Total loan: $1,375
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Badamtsetseg

Mongolia
Ulaanbaatar, Mongolia / Grocery Store

A loan of $1,375 helped to purchase a large variety of grocery products.


Badamtsetseg's story

Badamtsetseg is 45 years old and lives with her three children in the Chingeltei district of Ulaanbaatar, the capital city of Mongolia. Her husband works in a foreign country and sends 150,000-250,000 tugrug (~100-200 USD) per month in order to help them with their living expenses. Her two daughters and son all attend a local secondary school while Badamtsetseg operates a grocery retail business near her home. She began her business in 2001 by operating a small booth. At that time, her working capital was 100,000-150,000 tugrug (~70-105 USD). Since then, she has been able to move from her small booth into a shop and now her working capital is between 300,000 and 500,000 tugrug (~210-350 USD). Her business is the main source of family income and she attributes her success to her good accounting and financial skills. She says, “I want my children to be better educated people who can contribute to their country’s development.” Badamtsetseg is requesting a 2,000,000 tugrug (~1400 USD) loan in order to purchase a large variety of grocery products for her shop.



Loan details

Loan length:

26 months
Disbursed date: November 20, 2009

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: November 20, 2009