A loan of $1,175 helped to help pay for a plot of land.


Erdeneselenge's story

Mrs. Erdeneselenge, 39 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. She currently takes care of her son, who is 3 years old. Mrs. Erdeneselenge married her husband only three years ago and they live in a rented ger, a traditional Mongolian nomadic tent. Her husband, Mendbayar, has been operating a taxi business for many years. Now he has been registered to a taxi call center which operates in the north suburban side of the city. This area is very busy, especially in the summer, because in warm seasons people tend to move to houses in that area whereas in winter they move back to the city center. This area always lacks bus services.

Erdeneselenge is planning to buy a plot of land upon which to build a family house later on. She has started negotiations and she needs to pay the money for the land. She and her husband are going to use their savings to pay for the land, but still need some additional money. Erdeneselenge is requesting a loan to be used as the remaining payment for the land plot. She has already paid the advance payment.



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