A loan of $1,175 helped buy more machine and motor oil.

Erdenesuvd's story

Borrower Erdenesuvd is a 31-year-old single lady who lives with her younger brother in the outer ger district of Ulaanbaatar, Mongolia, in an area without basic infrastructure. Her brother runs a taxi business while she has been operating a machine and motor oil retail business since 1996.

First, when she was beginning her business she rented a small stall, but after she graduated her university in 2005, she bought her own stall. Now she has a 2.5 million MNT (Mongolian Tugriks) in working capital. “In winter season, machine and motor oil selling business is very popular, so I need more products. Unfortunately I haven’t enough money to buy, therefore I am requesting a 1.500.000 MNT loan to purchase more machine oils to sell for upcoming season,” Erdenesuvd said.

Both of Erdenesuvd and her younger brother help each other and are very hardworking people.

Loan details

Lenders and lending teams

Loan details