Total loan: $1,225
Uvurhangai, Övörkhangai, Mongolia / Manufacturing
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Tumenbayar is 38 years old and lives with his wife and two children in Uvurhangai province in Mongolia. He and his family live together in a house which was built after obtaining a loan from Xacbank. His wife operates a clothes making and repair service in a rented space to supplement the family's income. Tumenbayar operates an iron crafting business in his town. From his shop inside a shipping container at the local market, he produces a variety of chimney and household iron products. He started his business in 2005 after working as a welder since 2002. He graduated from a construction institute as a welder in 1992. After years of operation, Tumenbayar has grown his business into a stable operation and has gained significant experience as a skilled ironsmith. Tumenbayar is requesting a 1,500,000 MNT loan in order to purchase necessary materials and supplies for both his and his wife's businesses.