A loan of $1,900 helped to cover the remaining costs of purchasing a car for her business.

Baasansuren's story

Mrs. Baasansuren, age 30, runs a business selling clothing in one of the supermarkets in Ulaanbaatar, the capital city of Mongolia. She lives with her husband in the ger district. A "ger" is a traditional Mongolian nomadic tent, and the ger district is an area of the city with no running water, minimal roads, and spotty electricity.

She has been engaged in her business for three years, operating from a rental stall. She is requesting a loan to cover the cost of purchasing a car. Her husband will use it to run a taxi business as well as to help his wife transport her clothing items to the workshop.

They have already saved some of the money needed to purchase the car, and Mrs. Baasansuren is requesting a loan in the amount of 2,500,000 MNT to cover the remaining costs. Having this car will allow both of them to execute their business activities and earn a more profitable income together.

Loan details

Lenders and lending teams

Loan details