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.



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Loan details