A loan of $1,525 helped to buy more items to sell in a book store.


Narantsetseg's story

Narantsetseg is 40 years old and lives with her husband and two sons, who are 18 and 20 years old, in Ulaanbaatar, Mongolia's capital. Her family lives in a ger (or traditional nomadic tent) in the city's outer districts. Her husband works as a guard in a local shop. She supports her family by running a shop that sells books and magazines in the town's largest indoor market. When she first began her business in 2003, she had 2,000,000 tugriks (MNT) in working capital. Now she has 5,500,000 MNT and sells pre-paid phone cards as well as books, magazines and newspapers. Narantsetseg is applying for a loan for 2,000,000 MNT to buy more items to sell to her customers. Her goal for next year is to improve her business by expanding her stall and increasing her working capital. This will help her attract more customers.



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Loan details