Funded

Total loan: $2,075
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Munkhzaya

Mongolia
Ulaanbaatar, Mongolia / Used Clothing

A loan of $2,075 helped to purchase clothing to sell.


Munkhzaya's story

Munkhzaya is a 39-year-old mother of two children. She lives in a ger, a Mongolian felt tent, in an outer district without basic infrastructure of Ulaanbaatar city, Mongolia. Her specialties are as a builder and chef, but for the past five years, she has supported her family by operating a used clothing business at the largest outdoor market of Mongolia.

When Munkhzaya first began her business, she had 500,000 MNT as working capital. Now, she has about 3,700,000 MNT. Most of her customers are from poor families. Munkhzaya's husband works at local company and her son and daughter attend secondary school and kindergarten.

Munkhzaya is requesting a 2,800,000 MNT loan to purchase more used clothes to sell and increase her working capital. In the future, she plans to build a new house on her current plot of land and improve her family's living condition.



Loan details

Loan length:

19 months
Disbursed date: February 1, 2012

Lenders and lending teams



Loan details

Loan length:

19 months
Disbursed date: February 1, 2012