A loan of $1,425 helped to purchase unprocessed wool, cashmere, and leathers.

Erdenebayar's story

Erdenebayar N. lives with his wife and two teenage sons in Ovorhangai province, one of Mongolia's central provinces. Erdenebayar had worked for the local army for over a decade. When Mongolia transitioned from the communist regime to the free market economy in 1991, he decided to leave his job and pursue small business for himself.

Today he has a small retail business dealing in unprocessed livestock products such as unprocessed wool, cashmere and animal skins. He purchases these livestock products from herder families in the countryside and sells them at profit at the wholesale markets in the city or sometimes in Ulaanbaatar, the capital city of Mongolia. He has been running this business for the last 18 years and he is very experienced and well-known in the business. His business capital is currently 3,000,000 MNT ($1 USD = 1,450 MNT). He requests a loan to purchase more wool, cashmere, and animal skins from herders.

Loan details

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Loan details