A loan of $2,000 helped to purchase more glasses and phone accessories.

Byambatsogt's story

Byambatsogt, age 40, lives with his wife and 11-year-old daughter in his friend’s small house, in the ger district of Ulaanbaatar, the capital city of Mongolia. His wife, Amartsetseg, helps him run the business, and his daughter attends a local public school.

Byambatsogt supports his family by operating a glasses and phone accessories retail stall at Bayangol market, one of the Mongolia's biggest markets. When he first began his business in 2006, he had 1,000,000 MNT in working capital. Now he has a working capital of 3,000,000 MNT and is willing to increase it in the future. He bought a used car with his business earnings in 2010.

He has been successfully expanding his business and was able to improve his living conditions gradually. He said, "I want to grow my business with this loan. I would like to be able to buy my own house and yard in the future." In order to increase his glasses and phone accessories variety for his customers, Byambatsogt is requesting a 2,400,000 MNT loan.

Loan details

Lenders and lending teams

Loan details