A loan of $1,600 helped to buy necessary materials to finish the the building of her house.


Odgerel's story

Odgerel is a 32-year-old single mother who lives with her daughter and mother in a small house in the outer ger (Mongolian yurt) districts of Ulaanbaatar, the capital city of Mongolia. Her mother stays at home while her daughter attends public secondary school. Odgerel started a business in 2006, at Narantuul, the largest outdoor market of Mongolia, selling underwear and slippers, with 750,000 MNT (Mongolian Tugriks) of working capital. Since then, her business has expanded and her current working capital has increased to 1,080,000 MNT.

With her business earnings, Odgerel started building a new small house as the old house is damaged and close to collapse. She bought cement, sand and other necessary materials with 3,500,000 MNT. Odgerel is requesting a 2,000,000 MNT loan to buy more necessary building materials such as, windows, doors etc., to finish her housing project before the end of this summer. Ogderel is a high-motivated and responsible woman who wants to improve her family’s living standards.



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