Funded

Total loan: $2,300
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Odongerel


A loan of $2,300 helped to increase working capital and to pay her son's university fees.


Odongerel's story

Odongerel B. is 41 years old single mother who lives with her two children in the Baganuur, one of the remote district of Ulaanbaatar, Mongolia's capital city. She and her two children live together in an apartment. Her son, Tsolmongerel, is a studies at the Mongolian Science and Technology University while her daughter, Hulan, attends a local high school. Odongerel lets her own garage to others as a renting space where individuals rent and operate a car washing center and wheel repairing center. She has been providing rent service to others for past 6 years and has built s stable and successful operation. In the future, she plans to provide a service of lubricated oil replacement and to sell an accumulator. Her main goal is to provide for her children's education and to help them become a good and responsible person. For the future, she hopes to start her auto repair related business, and is requesting a 3,000,000 MNT loan to increase her working capital by 2,000,000 MNT and to pay her son's accomodation fees at 1,000,000 MNT.



Loan details

Loan length:

14 months
Disbursed date: September 21, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 21, 2010