Funded

Total loan: $3,300
Powered by 99 lenders

Uuganchimeg


A loan of $3,300 helped to purchase equipment and raw materials with which to run her tailoring enterprise as a completely new business with a new business model.


Uuganchimeg's story

Uuganchimeg, age 26, offers tailoring services to earn an income. She lives in the city of Ulaanbaatar with her parent and sibling. The family resides in a "ger," which is a traditional, nomadic yurt household.

She graduated as an accountant and started her own business, a small clothes design and manufacturing workshop, in 2009. She is a Youth Business Mongolia project contestant, and was selected from hundreds of young entrepreneurs because of her accurate cost estimation and her strong business plan. She has a mentor assigned by Development Solutions NGO, which operates the Youth Business Mongolia project of Youth Business International. She is known by her colleagues and associates as a hard-working, well-organized, decent, polite, and talented young lady.

Uuganchimeg's mother was a tailor, and she reports that she learned a great deal from her mother. She tells us that when she started her enterprise in 2009, it was a small project involving taking clothing orders and offering repair services, and she states that she now operates a business that has 80 regular customers. She credits her success to the fact that she provides friendly, fast, high-quality services.

The number of her customers is continually increasing. Following the modern trends expected by today's customers, Uuganchimeg believes that it is necessary to move into the area of fashion design and to provide a salon storefront where her customers can place their orders.

She is requesting a loan in the amount of 6,000,000 MNT in order to purchase equipment and raw materials to run her enterprise as a completely new business with a new business model.



Loan details

Loan length:

29 months
Repayment schedule: Irregularly
Disbursed date: August 15, 2014

Lenders and lending teams




Loan details

Loan length:

29 months
Repayment schedule: Irregularly
Disbursed date: August 15, 2014