Total loan: $4,200
Orhon, Orkhon, Mongolia / Manufacturing
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A loan helped to purchase construction materials to build a workplace on their plot of land to start a family business of wooden furniture manufacturing with his son.
Mr. Amgalanbaatar is a 54-year-old retired man who lives with his wife, Basbish, his son, daughter-in-law and grandchild in a house in the Orhon province of Mongolia. Ms. Basbish is having health problems and stays home. His daughter-in-law has just given birth to a child and stays home. His son, Gantomor, is 26 years old and graduated from a wooden furniture manufacturing course. He is now starting his own business with his father on their plot of land. Mr. Amgalanbaatar and his son produced small furniture at home by order from time to time since 2007. Mr. Amgalanbaatar is now requesting a loan of 6,000,000 MNT (Mongolian tugriks) to purchase construction materials to build a workplace on their plot of land to start a family business of wooden furniture manufacturing with his son. He is a hardworking, diligent and enthusiastic man.