A loan of $625 helped to buy a new machine and raw materials.


Baatarbold's story

Baatarbold N. is 45 years old and lives with his wife and four children in Baganuur district, one of the remote districts of Ulaanbaatar, Mongolia's capital city. His oldest son currently attends university, and his three teenaged children attend a local secondary school. His wife makes traditional Mongolian boots and sells them to supplement her family's income. He operates a small wooden products production business in his area. Baatarbold started his wood products business in 2001. He received a loan from Xacbank in 2008, and spent it to purchase a saw machine and started to produce home furniture. He has used the success of his business earnings to greatly improve his quality of life. His earnings have also enabled him to pay for his children's tuition fees and school supplies for his children. For the future, Baatarbold hopes to purchase new tools to help him to improve his product quality and to increase the variety of wood products. He is requesting an 800,000 MNT loan to buy a new machine and raw materials for his business.



Loan details


Lenders and lending teams



Loan details