A loan of $2,225 helped to buy clothes in large quantity.


Narannyam's story

Narannyam, 29 years old, lives with his mother and brothers in a Mongolian traditional ger (portable felt dwelling) on a plot of land. Using his previous loan, he successfully launched a grocery store which is now run by his mother. One year ago, he began selling clothes by renting a stall at a trade center. He is requesting a loan of 3,800,000 MNT to buy clothes in large quantity from a China border city. Because his business is running well, he always has a goods shortage due to lack of cash. So the loan will enable him to increase his working capital thus increasing income. The borrower is a very hardworking individual who has responsibility for caring for his mother and younger brothers.



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