A loan of $1,600 helped to purchase more clothes to sell in order to increase her income.

Gerelmaa's story

Gerlemaa is 39 years old and lives with her husband and two children, ages 10 and 19, in a ger, a traditional Mongolian felt tent, which is located in Ulaanbaatar, Mongolia, in an outer ger district without basic infrastructure. Her daughter is a student at the state university, and her son attends secondary school.

Gerelmaa supports her family by operating two clothing retail stalls at the largest outdoor market in Mongolia, with the help of her spouse. She started her business in 2000, specializing in the sale of women's clothes. Today her working capital is three million Mongolian tugriks (MNT).

She worked very hard the last few years, and she bought a small land plot and a car through the profit from her business. Consequently, she needs to increase her working capital and import more clothes to sell. So Gerelmaa is requesting a two-million-MNT loan to import more clothes from Ereen, a border city between Mongolia and China. With her business income, she is planning to pay her daughter's tuition fee.

Loan details

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Loan details