A loan of $2,100 helped to purchase raw materials for his business.

Lhamsuren's story

Lhamsuren operates an iron product making business in his town. He makes a variety of iron products such as pots, garages and doors, etc. He started his business in 1997 after running a transportation service for several years.

Lhamsuren is 51 years old and lives with his wife and three children in Uvurhangai province, Mongolia. His family lives in a Mongolian traditional nomadic tent called a ger. His second daughter, who is 20 years old, studies at university and his wife is a hairdresser.

Over the years, Lhamsuren has worked hard to expand and improve his business. Now his working capital is 2,400,000 tugrugs (~$1700 US) with a monthly net profit of 450,000 tugrugs (~$320 US). He buys all his raw materials from Ulaanbaatar, the capital city of Mongolia. He is a hardworking man with good communication skills. He says, "I am planning to have my own workshop in the future." He is requesting a 3,000,000 tugrug loan to purchase raw materials for his business.

Loan details

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Loan details