A loan of $3,000 helped to import more clothing.

Oyun-Erdene's story

Oyun-Erdene D. is 24 years old and lives with her husband and son in their own apartment in the Darhan-Uul province in northern Mongolia. She also takes care of her mother and younger brother since her parents are divorced. Her husband works as a chef in a local fast-food restaurant.

Oyun-Erdene started her clothing retailing business in 2003 at a stall outside of Darhan -- the local biggest market -- with the working capital of 1,000,000 Mongolian tugriks (MNT), or about $750. She was able to rent a stall in Darhan Nomin after two years of successful business operation. By this time, her working capital reached 2,000,000 MNT (or about $1,500).

Oyun-Erdene is a very open-minded and sociable woman and is well-known by her customers. For the future, she says, " I am trying my best to afford my younger brother's tuition fee and I would like to have another stall to expand my business and increase my sales."

She is requesting a 4,000,000 MNT loan to import more clothing items for 2,000,000 MNT and a large number of shoes at 2,000,000 MNT from Ereen, a border city of China, for her business.

Loan details

Lenders and lending teams

Loan details