Total loan: $600
Ulaanbaatar, Ulaanbaatar, Mongolia / Manufacturing
Ankhtsetseg's loan finished fundraising,
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A loan helped buy more wood to make furniture.
Ankhtsetseg is 23 years old and lives with her husband, grandmother, son and daughter, in Ulaanbaatar, the capital city of Mongolia. The family lives in a ger, a traditional Mongolian felt tent, in the outer ger districts of the city. Her son is 4 years old and her daughter is 1 year old. Her grandmother is retired and cares for the children at home. Ankhtsetseg started running her carpentry business with help from her husband in 2007. When they first began their business, they did not have any equipment. Now they have some carpentry equipment and usually make wooden washstands, wooden beds and other furniture. They purchase wood from Tsaiz wood market and sell their products at Narantuul, the largest outdoor market in Mongolia. Ankhtsetseg is requesting a loan of 700,000 MNT to purchase more wood to make furniture. She and her husband want to improve their business with this loan so they will be able to build their own small house.