A loan of $1,800 helped to invest in starting a clothing business.

Bayarjavhlan's story

Mr. Bayarjavhlan is 20 years old and lives with his wife and mother in a ger, the traditional Mongolian nomadic tent, in Dornogovi province.

Bayarjavhlan has been running a taxi service business since 2011, which his wife helps with. His daily income is 45,000 MNT, however his profit (300,000 MNT per month) cannot cover his family's expenses. Therefore, his wife has decided to start a business selling clothes. She plans to rent a counter in a trading center and import the goods from China. Her sister has experience in this type of business, so Bayarjavhlan and his wife will consult with her for advice on how to manage their new business.

They are requesting a 2,500,000 MNT loan to invest in starting this business and plan to use the profits to build a new house.

Loan details

Lenders and lending teams

Loan details