A loan of $575 helped to purchase more clothes for sale.

Tungalag's story

Tungalag is a 35-year-old businesswoman who lives in Arkhangai province in central Mongolia with her husband and 12-year-old daughter. Her husband is a worker at the municipal treatment authority and her daughter is a student at a local secondary school. Tungalag and her family live in a “ger”, a traditional Mongolian tent. With a goal to have savings for her daughter's future life, Tungalag started her second-hand goods retail business in 2003 with a working capital of 80,000 tugrug (~55 USD).

After gaining more selling and business experience, Tungalag decided to expand her business not long after it opened. Since 2007, she has traveled to China, where she buys new clothes and then sells them in her two rented stalls at the local trading center. Today, her working capital exceeds 1,250,000 tugrug (~855 USD). Now, Tungalag has a dream to expand her business and have her own workspace. She is requesting a loan of 800,000 tugrugs (~ 575 USD) to purchase more clothes.

Loan details

Lenders and lending teams

Loan details