A loan of $500 helped to purchase more bags, wallets and presents before "Mother and Children holiday".

Mungunzul's story

Mungunzul, 31, is married and lives with her husband and daughter, aged 9, in Ulaanbaatar, the capital city of Mongolia. The family lives in a 'ger', a traditional Mongolian felt tent, in the backyard of her husband’s workplace. Her daughter goes to primary school.

Mungunzul helps support her family by operating a retail stall at “Undram” center. When she first began her business in 2010, she had 1,000,000 Mongolian Tugriks (MNT) in working capital but she has since expanded it to 1,800,000 MNT in working capital and she sells bags, wallets and remembrances. She purchases her products from Ereen, a border city in China. She is applying for a loan of 600,000 MNT to buy more bags, wallets, presents and remembrances to sell to her customers before “Mothers and children holiday”.

Her main goal is expand her business and then to be able to buy her own small house and yard.

Loan details

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Loan details