A loan of $2,100 helped to purchase wood for wooden products.

Lhagvasuren's story

Lhagvasuren makes wooden products. He started this business in 1995. Besides his wooden product making business, he started a transportation service in 2008. He transports people's baggage and luggage throughout his province.

Lhagvasuren is 37 years old and lives with his wife and three sons in Arhangai province, Mongolia. They live in a Mongolian traditional tent called a ger. His 9-year-old and 17-year-old sons attend the local secondary school and his youngest, age 8, is in kindergarten.

Lhagvasuren is planning to maintain and continue his business. He is a very open-minded and hardworking businessman. He says, “I want to start a block manufacturing business in the near future. I made some calculations and realize that it could be a very profitable business in Mongolia.” He is requesting a 3,000,000 tugrug loan in order to purchase a large amount of wood for his wooden product making business.

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Loan details