A loan of $2,350 helped to buy clothes and pay the stall rent fee.

Badamgarvaa's story

Mr. Badamgarvaa, 53 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. His wife has been working as a technologist at a cookies factory since 2007. He himself is a bus driver and has lots of experience. His daughter lives separately and is currently unemployed.

So, he decided to provide a job opportunity to her daughter by launching a new business. He wants to rent a stall at a trade center and give his daughter the responsibility of selling clothes. For this cause, he is requesting a loan of 4,000,000 MNT. The rent fee and the cost of buying clothes at wholesale are estimated to be around 4,000,000 MNT.

Income generated by clothes sale will be split between him and his daughter. This business is very helpful because he will retire soon, and his daughter needs a job urgently.

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