A loan of $575 helped to buy more tools and wood for his furniture making business.


Tserendorj's story

Tserendorj is a 39 year old man living with his wife and 4 year-old child in the Arkhangai province of Mongolia. He used to work as a guard at the local market Hasu. In 2003, he made the decision to start his own business making wooden furniture. At first, his working capital was 150 000 tugrug (~105 USD), but it soon reached 800 000 tugrug (~560 USD). Tserendorj has gained a lot of experience and knowledge as a business owner over the years and got his regular customers. As his business has grown steadily, thus enabled him to buy own house and also a small truck to transport raw material and deliver goods to his customers. He is requesting a 800 000 tugrug (~560 USD) loan to buy more tools and wood for his furniture making business.



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