A loan of $1,500 helped to purchase more clothing products to sell in order to increase her income.

Odgerel's story

Odgerel is 33 years old and lives with her mother and daughter in Ulaanbaatar, the capital city of Mongolia. Her family lives in a small house, in the outer ger housing districts of the city. Odgerel’s mother is retired and stays at home, while Odgerel's daughter attends secondary school.

Odgerel supports her family by operating a clothing retail stall at the largest outdoor market in Mongolia. In 2006, when she first began her business, she sold only leather belts and traditional Mongolian fabric belts. In the beginning stages of her business, she rented a stall at the present market from another person who had a rental contract with the market. This was an unstable business situation for her because the middleman could dismiss her at any time. At the time her stall had 1 million MNT in working capital. Usually, it is very difficult to obtain a rental contract with Narantuul because the stalls are in such high demand.

At this time of year, it is the high shopping season, since it's new school year beginning time, so Odgerel wants to use this loan to help support her in this very busy shopping season of the year. Odgerel's business goal is to one day operate her own clothing shop. Odgerel also said, "It's my personal goal to support my mother and daughter so they can live happily."

Loan details

Lenders and lending teams

Loan details