A loan of $1,750 helped to raise her current assets and buy more meat.

Demberel's story

Mrs. Demberel, 44, lives with a 16-year-old daughter in her wooden house in the 'ger' (Mongolian yurt) district, an area of the city with no running water, minimal roads and spotty electricity, in Ulaanbaatar, the capital city of Mongolia. Since 2001, she has been renting a meat counter in a bazaar located not far from her home.

Demberel usually sells meat retail and if the day is her lucky day, she sells wholesale to restaurants or pubs. Demberel’s daughter studies at a lyceum. Her husband has been working as a contract worker in Korea for the last 6 years and every month he sends some money for his family. Demberel told us that she saves the money sent by her husband, to spend it for her daughter’s education. And she always requires from her girl “paying attention only to studies and become educated person”.

In Mongolia, the academic year begins in September and parents have to pay tuition fees for their children. To solve this problem, many herders sell their livestock wholesale, so the price of the meat decreases to its lowest point. Now each day in Mongolia is getting colder and colder, so the preservation of meat is not a problem. If Demberel buys meat in large quantity, she can sell it till March. The loan, she is taking will be used to raise her current assets and buy more meat. By doing this, she can earn more income for her family and for her daughter’s education.

Loan details

Lenders and lending teams

Loan details