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Total loan: $2,425
Uvs, Uvs, Mongolia / Health
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Byambabaatar's loan finished fundraising,
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A loan helped to purchase more medicine for his pharmacy.
Byambabaatar, 49, is married and lives with his wife and four children in Uvs, Mongolia. They live in a ger, a Mongolian nomadic housing tent, on the outskirts of town. His two older children attend college while the younger two attend a local secondary school. He and his wife are both doctors who operate a pharmacy in addition to their regular jobs. Their business is very helpful for the ger-district residents who live far from downtown. Their current working capital is 1,500,000 MNT and their monthly gross income is 350,000 MNT. They want to expand their business and enlarge their pharmacy by increasing the amount of drugs they sell. Byambabaatar is requesting a loan of 3,000,000 MNT for this purpose. He is a sociable person who says: “I want to expand my business and enlarge my pharmacy and open a private hospital with a laboratory.”