Total loan: $4,875
Ulaanbaatar, Ulaanbaatar, Mongolia / Retail
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A loan helped to buy equipment and machines.
Enkhtuya, age 50, lives with her family in Ulaanbaatar, the capital city of Mongolia. She has been producing felts for gers (Mongolian traditional homes) for the last six years. As winter comes to Mongolia, many households are in need of felts and felt demand is increasing due to its insulating property. But because of a lack of finance, she can’t afford the process of felt making. So she is requesting a loan of 6,800,000 MNT to buy some equipment and machines. As a result, the people who need to insulate their gers will be able to buy felts, and Enkhtuya will be able to generate more income for her family. Most importantly, it will contribute greatly to environmental protection as insulated homes burn less coal as a source of heat.