A loan of $2,800 helped to purchase more clothes from China.

Otgonbayar's story

Otgonbayar is 37 years old and lives with his wife and two young children in Uvurhangai province, Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent. His eldest child attends a local secondary school while the youngest one stays at home.

Otgonbayar and his wife operate a retail clothing business in their town. Otgonbayar is responsible for importing the products from China while his wife is responsible for selling the products in the market. They sell a variety of clothes, such as pants, jackets, boots and shirts. Otgonbayar began his business in 2006 and attributes his success to his good business sense and accounting skills. In the future, he is planning to expand his business and widen his product line. He says, “I worked in Korea before where I gained much business experience. With my business knowledge I am expanding and improving my business.” Otgonbayar is requesting a 4,000,000 MNT loan in order to purchase more products from China to sell at the market.

Loan details

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Loan details