Funded

Total loan: $725
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Oyungerel

Mongolia
Arkhangai, Mongolia / Clothing Sales

A loan of $725 helped to purchase starting inventory for her new clothes retail business.


Oyungerel's story

Oyungerel is a 35-year-old micro-entrepreneur. She lives with her husband, Lhamragchaa, and four sons between 1 and 16 years old in a ger (traditional yurt) in the Arhangai province of Mongolia.

She had been living in countryside for years, breeding livestock and producing organic dairy products until 2012. She needed to move to the province center in order to send her children to schools. She and her husband are concerned about their sons' educations and plan to send all of them to universities for whichever studies their children want too pursue.

She has just started her clothes retail business in the local market and needs some financial support. So she is now requesting loan of 1,000,000 MNT to purchase starting inventory for her new clothes retail business. She is a hardworking, enthusiastic and smart lady.



Loan details

Loan length:

25 months
Disbursed date: April 7, 2013

Lenders and lending teams



Loan details

Loan length:

25 months
Disbursed date: April 7, 2013