A loan of $2,900 helped to purchase more clothing products to sell and purchase a TV and PC for her home.


Odgerel's story

Odgerel is 34 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 (Mongolian housing tents) housing districts of the city. Odgerel’s mother is retired and stays at home, while Odgerel's daughter attends secondary school. She built her house with her business income, especially with the help from the Kiva loan.

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 (Mongolian tugriks) 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 one of high shopping seasons, since it's the beginning of the Tsagaan Sar holiday. Odgerel wants to use this loan to help support her inventory 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


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Loan details