A loan of $2,650 helped to make some internal renovations to the shop and to increase his profit by adding some working capital.


Erkhembayar's story

Erkhembayar is a 26-year-old single man. He lives with his mother and younger brother in Ulaanbaatar, the capital city of Mongolia. Before 2009, he used to run a transportation business and left it because of the tough competition. Since 2009, he has been running a small variety store and his business has been expanding since then. He managed to finish building a family house. In Mongolia, a variety store is basically a small convenience store which retails groceries, toiletries and beverages piecemeal to the local neighborhood. He is the only breadwinner in this family and supports his old mother and younger brother. Currently, he is renting this shop on two-year agreement. His future plan is to build his own small shop. The reason he is asking for this loan is to make some internal renovations to the shop and to increase his profit by adding some working capital.



Loan details


Lenders and lending teams



Loan details