A loan of $2,700 helped to buy wood at wholesale prices.

Gan-Ochir's story

Gan-Ochir D. lives with his wife and 10-year-old son in Arhangai province, one of Mongolia's central provinces. His son is a student in a local high school.

Gan-Ochir has a small retail business selling wood. With the support of his wife, Gan-Ochir started his business in wood selling in 2007 with a small loan of 300,000 MNT (approximately $210). He usually buys raw wood from local lumberjacks and sells them at profit to local carpenters, who make various household items in wood.

Since the start, he has done well and his business capital has increased to 4,000,000 MNT. With his business profit, he was able to fix his truck that he uses for carrying wood. In the future, he would like to expand his business by adding more customers to his clientele. He requests a loan to purchase more wood for his business.

Loan details

Lenders and lending teams

Loan details