A loan of $2,100 helped to purchase planks and wood.

Batsaihan's story

Batsaihan C. is a 44-year-old man who lives with his wife and three children in Arhangai province, one of Mongolia's central provinces. His three children (ages ranging between 7 and 17) are all students.

Batsaihan has a small business selling wood retail. He owns an old Russian truck called Zil 130. He drives his truck between nearby towns and Ulaanbaatar, the capital city of Mongolia. He visits nearby towns and purchases unprocessed cut wood and transports it to Ulaanbaatar. He sells that wood at the wholesale markets in Ulaanbaatar for a profit.

His brother also works in the wood retail business in Arhangai province, where he resides with his family, and helps a lot in his business. He has done well with his business; his business capital growth is an evidence of his business expansion. The capital has increased from 800,000 MNT to 3,000,000 MNT ($1 USD = 1,420 MNT). His short-term goal is to renovate his old house for his family. He says that he is working hard to make sure that his family lives in a better house.

He requests a loan to purchase more cut wood for his business.

Loan details

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Loan details