Funded

Total loan: $1,450
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Narantuya

Mongolia
Ulaanbaatar, Mongolia / Clothing Sales

A loan of $1,450 helped to purchase more clothes to resell during the upcoming holiday season.


Narantuya's story

Narantuya is a 50-year-old widow who lives with her son, daughter, daughter-in-law, and two grandchildren in outer ger district (which lacks basic infrastructure), outside of Ulaanbaatar, Mongolia.

She supports her family by operating a clothing stall business at the largest outdoor market in the city. She first began her business in 1998 at a local market. Currently, she has 2.5 million MNT (Mongolian tugriks) in working capital.

Now it’s the very high shopping season in our country. It’s the New Year holiday, thus, Narantuya wants to increase her working capital by purchasing a variety of clothes to resell.



Loan details

Loan length:

14 months
Disbursed date: November 17, 2012

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: November 17, 2012