Funded

Total loan: $1,600
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Tungalag

Mongolia
Tuv, Mongolia / Home Products Sales

A loan of $1,600 helped to purchase materials.


Tungalag's story

Tungalag is 50 years old and lives with her husband in a ger, a Mongolian yurt, in the Tuv province of Mongolia. Her husband is a construction worker in a private company, earning a monthly salary of 300,000 MNT. Tungalag manages a ger item making business in her town. She started her business in 2000, developing a business group that included 5 members. Being a business group helped them to stabilize their business, and they now have a good relationship with their partners and customers. Tungalag used her business earnings to begin constructing a house on her plot of land. She is planning to increase her business sales in order to save some money. Tungalag is a hardworking lady who says, "I want to expand my business." She is requesting a 2,000,000 MNT loan to purchase materials for her business.



Loan details

Loan length:

26 months
Disbursed date: June 21, 2011

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 21, 2011