A loan of $2,825 helped to buy more merchandise for the new school year.

Tumenbayar's story

Borrower Tumenbayar is a 44-year-old widow who has two daughters and lives in Ulaanbaatar, the capital of Mongolia. She has higher education in both accounting and nutrition technology. Her youngest daughter attends the Royal Academy in Mongolia, while her eldest daughter helps Tumenbayar to run her business.

Regardless of her profession, she has had six years of experience in her own grocery and home furnishing store, until she went to South Korea for five years for a higher-paying job. After she came back from S. Korea in 2010, she continued her small grocery store business.

Tumenbayar is requesting a 3,900,000 MNT (Mongolian tugriks) loan to buy more merchandise for the grocery store. Her goal is to improve her business in order to increase her working capital and expand her business as well.

This is her third Kiva loan. She is really thankful and appreciative of the Kiva lenders.

Loan details

Lenders and lending teams

Loan details