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A loan of $2,375 helped to import more clothing.

Isa's story

Isa A. is 48 years old and lives with his wife and four children and daughter-in-law in the Bayan-Ulgiy province of western Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic home tent. Two of his children, aged 19 and 23, are university students while the other children stay at home. Isa operates a retail clothing business from a rented stall at the local market. He began his business in 2004 selling small accessories. Since then, he has been able to start a retail clothing stall. In addition, his sister has helped to sell his products in the Russian market. He usually imports his clothing items from China and keeps an inventory of between 4,000,000 and 5,000,000 MNT. After many years he has built a successful operation and his monthly sales have reached a level of 1,500,000 to 2,000,000 MNT, with 25-35% considered net profit. For the future, he wants to be able to pay for his children to go to university and get a good education. Isa is requesting a 3,000,000 MNT loan to import more clothing for his retail stall.

Loan details

Lenders and lending teams

Loan details