Funded

Total loan: $1,575
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Tumenbayar

Mongolia
Ulaanbaatar, Mongolia / Grocery Store

A loan of $1,575 helped to buy more merchandise for the grocery store.


Tumenbayar's story

Borrower Tumenbayar is a 43-year-old widow who has two daughters and lives in Ulaanbaatar, the capital of Mongolia. She has higher education in both accounting and nutrition technology. Her younger daughter attends the Royal academy in Mongolia, while her elder daughter helps her to operate the business.

Regardless of her profession, she had six years of experience in her own grocery and home furnishing store, until she went to South Korea for a higher paying job for five years. After she came back from S. Korea in 2010, she continued her small grocery store business.

Tumenbayar is requesting a 2,000,000 MNT (Mongolian Tugriks) loan to buy more merchandise for the grocery store. Her goal is to improve her business in order to increase her working capital and expand her business as well.



Loan details

Loan length:

8 months
Disbursed date: November 14, 2011

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: November 14, 2011