Funded

Total loan: $1,600
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Erdene-Oyun

Mongolia
Hovd, Mongolia / General Store

A loan of $1,600 helped to import more fruits from China at a wholesale price.


Erdene-Oyun's story

Erdene-Oyun T. is 27 years old and lives with her husband and two children in a ger, a traditional Mongolian nomadic home tent and fence in Hovd province of Mongolia. Her husband works for a brick making factory and her two young children both attend a local kindergarten. She currently operates a grocery trading business out of a stall at a local market. She started her business in 2008 selling only ice cream. After years of successful operation, she has expanded her business by increasing her product line to include a variety of food products. Today, her working capital exceeds 1,300,000 MNT. For the future, she hopes to grow her business and have her own shipping container. Her earnings have enabled her to start building a house in her yard. She says, "I hope to finish building my house by this coming spring." She is requesting a 1,950,000 MNT loan in order to import more fruits from China at wholesale price.



Loan details

Loan length:

26 months
Disbursed date: December 16, 2010

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: December 16, 2010