A loan of $350 helped to purchase a sewing machine for his business.

Bayarsaikhan's story

U. operates a belt crafting business in his city. The belts he makes are worn with traditional Mongolian coats called deels. These deel belts are very elaborate, using leather, silver, turquoise and other expensive elements. U. learned how to make these belts from his grandfather when he was a teenager.

U. is 40 years old and lives with his wife and two children, ages 14 and 10, in the Chingeltey district of Ulaanbaatar, the capital city of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent, in one of the ger districts on the outskirts of the city. Both of his children attend a local secondary school and his wife works in a shoe factory and earns a monthly salary of 200,000 tugrugs (~$140 US).

U. began his business in 1999 and currently makes between 8 and 10 belts per month which earns him between 90,000 and 120,000 tugrugs (~$63-$84 US) in profit. U. is requesting a 500,000 tugrug (~$350 US) loan in order to purchase a sewing machine for his business.

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