A loan of $2,300 helped to buy more inventory.


Nyamtuya's story

Nyamtuya is 49 years old and lives with his wife and two children in a 'ger' (Mongolian yurt) in Ulaanbaatar city, Mongolia. His wife helps with the business and his elder child is employed while the younger one is a school student. He started his shoe retailing business in 2004 by renting a counter in Mongolia's biggest market. Over the years he gained many trusted suppliers and regular customers. He knows exactly what his customers want. He is a sharp and hardworking man who says, "Now that my children are old enough, it is time for me to concentrate on my business." He rented another counter in the market and he needs 3,000,000 MNT to buy more inventory.



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Loan details