Wednesday, November 11, 2009

Helping a sewing business

I made a loan today to someone a bit like me.

Badarbirvaa Batdulams is 44 years old. She lives with her parents and her seventeen year old son in the Uvurhangai Province of Central Mongolia. The family lives together in a "ger," a yurt or traditional Mongolian nomadic tent.

Batdulam supports the family by operating a sewing business. She wants to eventually turn her small business into a factory with several employees. Batdulam purchases materials for her business 1-2 times per month, depending on her customer’s wants and needs. She is requesting a 3,500,000 tugrug (approx. $2475 USD) loan to purchase a large amount of wholesale materials in order to attract new customers to her business.

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