A loan of $2,975 helped to cover the cost of a new minivan for her new business.


Saranchimeg's story

Mrs. Saranchimeg, 47, sells soft home furniture such as sofas and armchairs in a bazaar. She has been running her business for six years and lives with her family in a ger (a Mongolian traditional nomadic tent). For the last few years, her business has been running not so beneficially, and sometimes she bears a loss from her sales. Therefore, she decided to start her own new business in intercity passenger transportation. She has three years of experience as a driver, as she used to drive a taxi around the city before she started her sales business. Now she needs some money to support the purchase of a minivan to use for starting her new business. The loan she is taking will be used to cover the cost of a new minivan for her new business.



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Loan details