A loan of $1,750 helped purchasing more wood to make furniture.


Savaandorj's story

Savaandorj A. is 46 years old and lives with his wife and three sons in the Arkhangai province of central Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent. All three of his sons - ages 19, 15 and 13 - attend a local secondary school. A. currently operates a business making wooden products. He designs and produces many different styles and sizes of furniture that he sells throughout his community. A. started his business in 2002 with capital of 50,000 tugrugs (~35 USD) and has found success in his trade. Today, his business is well established in the local area, and his working capital exceeds 2,500,000 tugrugs (~1,750 USD). Regarding the future, A. says, "My main business goal is to continue to produce quality products for my customers." He is requesting a 2,500,000 tugrug (~1,750 USD) loan to purchase more wood to make furniture.



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Loan details