A loan of $825 helped to purchase a large amount of meat at wholesales price.


Odonchimeg's story

Odonchimeg is 34 years old and lives in Tuv province, Mongolia. She and her daughter live together in a ger, the Mongolian nomadic tent. They have have lived there for the past five years. During the day, she operates a retail meat business. In 2006, she rented a counter at a local market and started her business with a working capital of 200,000 tugrugs (~ 140 USD). After much hard work her working capital has grown to 2,300,000 tugrugs (~ 1618 USD). With her business profit, she purchased new furniture for her home this year. Odonchimeg pays attention to her daughter's education, and has used her profits to hire a private tutor for her daughter as a supplement to her secondary school lessons. Odonchimeg has great business experience from previous years and has loyal customers. Odonchimeg says: “I would like to expand my business and to purchase an apartment for me and my daughter.” She is requesting a 1,200,000 tugrug (~ 844 USD) loan to purchase a large amount of meat at wholesales price to resell for a profit.



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Loan details