A loan of $1,400 helped to purchase more souvenir products.


Urangerel's story

Urangerel is 40 years old and lives with her husband and two children in Umnugobi province, Mongolia. Her oldest daughter is in university and the youngest attends a local secondary school. They live in a Mongolian traditional nomadic tent called a “ger”. Urangerel manages a souvenir trading business out of a rented stall in her town. She began her business operation in 2002 after working as a teacher in a kindergarten for several years. She sells a wide variety of souvenir goods made from felt and wool.

She received a loan from XacBank in order to start her business and over the years her business improved and expanded. She usually makes all the souvenir products by herself. With her business earnings she bought a car for her husband so that he could earn money. She has developed a loyal base of customers and works hard to adapt her business to their needs. She is focused on the future and says, "I am selling my products much cheaper compared with other business owners of same business.” She is requesting a 2,000,000 tugrug (~1400 USD) loan to purchase more souvenir products from Ulaanbaatar, the capital city of Mongolia.



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Loan details