A loan of $1,625 helped to rent one more stall.

Oyunchimeg's story

Oyunchimeg is 54 years old and lives with her daughter, son-in-law and niece in Ulaanbaatar, the capital of Mongolia. Her son-in-law works as a bus driver for a company that transports people between Ulaanbaatar and the western provinces, and her daughter is currently unemployed.

Oyunchimeg is a single mom who takes care of her children. She began a clothing trading business in 2010. She sells women's lingerie, hats and scarves in the winter at an outdoor stall where she pays 100,000 MNT a month for rent. Her daily income is about $57 and her monthly profit ranges between $244 and $325. She purchases her clothing once a month from China.

Oyumchimeg wants to rent another stall for her daughter where she can operate a clothing business and have her own income. Oyunchimeg says, "Now I am getting older, and I want my daughter to start a business and have a source of constant income." She is requesting a loan of 2,000,000 MNT to rent one more stall and provide a job for her daughter.

Loan details

Lenders and lending teams

Loan details