A loan of $1,025 helped to increase her working capital.


Myadagmaa's story

Myadagmaa is 36 years old and lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a house. Her daugther, Tsendsuren, is 14 years old and attends a local secondary school. Her husband is a working engineer in a company. During the day, Myadagmaa operates an underwear-trading business at a local market called Narantuul. For her retail business, she purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. She started her business in 1999 with working capital of 50,000 tugrugs (about $36). After years of successful operations, she has managed to increase her working capital to a level exceeding 2,000,000 tugrugs (about $1,445) today. Myadagmaa has good communication skills and her business is very important to her. She says, “I would like to provide a good education for my daughter.” She is requesting a loan to purchase a large amount of underwear to sell to her many customers.



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