Funded

Total loan: $700
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Chimedtsogzol

Mongolia
Tsetserleg, Arhangai, Mongolia / Food Production/Sales

A loan of $700 helped to purchase dairy products.


Chimedtsogzol's story

Chimedtsogzol is a 47-year-old widow who lives with her four children in Arkhangai province, Mongolia. She and her children live in a Mongolian nomadic tent called a "ger." Her eldest daughter, 22, attends university, and her eldest son, 20, is in the army; her younger son, 17, is disabled while the youngest son, 9, goes to a local secondary school.

Chimedtsogzol supports her family by operating a door-to-door grocery and dairy product retail business in her town. She started her business in 2000 with working capital of 80,000 tugrugs (~56 USD). Over the years of business operation she gained much experience and is well known among her customers. Now her working capital exceeds 1,000,000 tugrugs (~700 USD). She attributes her business success to her good accounting and communication skills. She says, "For the future I am planning to expand my business further, but my main business goal is to provide quality products to my customers." She is requesting a 1,000,000 tugrug loan to purchase dairy products to sell this coming winter when dairy products become scarce and prices for these products rise.



Loan details

Loan length:

12 months
Disbursed date: December 23, 2009

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: December 23, 2009