A loan of $2,825 helped to buy more whole animals.

Tumurbaatar's story

Tumurbaatar O. is 46, married and the father of three. All three children are attending elementary school. His family lives in a "ger" (a nomadic Mongolian tent) in Ulaanbaatar, the capital city of Mongolia.

In 1997, he started a wholesale meat business at the local market "Huchit shonhor". Tumurbaatar has an old Russian pick-up truck which he uses once every two or three months to pick up meat in Arhanghay, one of Mongolia's central provinces. He buys whole animals such as sheep, cows and horses with 4.5 million tugrugs ($1.00=1450 MNT) to re-sell for a higher price.

In 2008, his spouse, Enhtuya, joined him in his business. She rents a stall for 200,000 tugrugs at "Asait," one of the local food markets, to sell meat. Their working capital has now increased to 5.8 million tugrugs and their average monthly income is 8 million tugrugs. Tumurbaatar requests a loan to buy more whole animals to increase his business inventory.

Loan details

Lenders and lending teams

Loan details