The project

Oyunchimeg runs a business in clothing sales renting two stalls at the Altansags local market outside for the last twenty years. She mostly sells underclothes and warm winter hats, gloves, socks and trousers. She imports goods from Ulaanbaatar capital city and Erlian city of China on monthly basis. 

Her next plan is to expand her business in textile industry producing cashmere socks on the knitting machine which she could afford with her previous loan. With a loan Oyunchimeg will be able to increase her working capital and purchase yarn for her new business.

Lendahand will provide this loan to Oyunchimeg together with local partner VFM. The loan has to be repaid in 24 months.