A loan of $2,125 helped to purchase more raw materials.


Bayaraa's story

Bayaraa is 35 years old and lives with his wife and two daughters in the Arkhangai province in Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent. Bayaraa and his wife own a raw material, such as sheep skin and wool trading business in their town where they buy raw materials locally and sell the materials in Ulaanbaatar, the capital city of Mongolia, for a profit. He started his business in 2000 with working capital of 150,000 tugrugs (~100 USD) which soon grew to 4,500,000 tugrugs (~3160 USD). Bayaraa has gained a lot of experience and knowledge over the years and he hopes to use this experience and knowledge to keep his business growing. He would like to, one day, own his own store where he can sell the raw materials and expand his customer base. Bayaraa is requesting a 3,000,000 tugrug (~2100 USD) loan to purchase more raw materials in order to increase sales.



Loan details


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Loan details