A loan of $2,500 helped to buy a brick-baking machine.

Otgonpurev's story

Otgonpuregv O. is 34 years old. He is married and is the father of two children, both of whom attend an elementary school. His family lives in a small house with one room in a "ger" (a yurt or nomadic housing tent) district in Ulaanbaatar, the capital city of Mongolia.

With his spouse, Tuvshinjargal, he has been selling firewood. He buys timber mostly at wholesale prices, cuts and bags the wood, and resells it. To expand his retail business, he aims to open a small store next to his little house on the plot of land he owns.

In the summer of 2007, he started baking bricks manually to sell. Baking a brick manually takes time and hard work. Otgonpurev intends to buy an automated brick baker. His plan is to build a store and a big house instead of the one room small house in which they now live. Otgonpurev says that "it is tough to live with four people in such a small house. I'm looking forward to having a big beautiful house with many bedrooms where my daughters can grow up for several years."

With this loan, he will buy a brick baking machine.

In the picture, Otgonpurev is sawing firewood with his spouse and one of his son.

Loan details

Lenders and lending teams

Loan details