Total loan: $1,400
Tuv, Töv, Mongolia / Food
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A loan helped To increase his working capital.
Bat-Erdene is 46 years old and lives with his wife and two children in Tuv province, Mongolia. He and his family live together in a traditional Mongolian nomadic tent, called a ger. His 23-year-old son trains race horses and his daughter works for her parents' business. They have been living in their current home for twenty-six years and have purchased two cars with the profits from their business. Bat-Erdene started his grocery store in 1999, and his family helps him run the business. Their grocery store has many customers because it is the only grocery store in their province. He has signed a contract to supply consumer products to local organizations, from which he receives payment every month. Bat-Erdene is a very hardworking person who has a great business mind. He says, “I would like to expand my business and purchase an apartment for my family.” He is requesting a 2,000,000 tugrug loan to increase his working capital and purchase additional inventory for his grocery store business.