A loan of $2,350 helped to return his vacuum window-producing business.


Myagmardorj's story

Myagmardorj L. lives with his wife and teenage daughter in an apartment in Ulaanbaatar, the capital city of Mongolia. His wife works in a hotel while his only daughter attends a local high school. The family rents an apartment with monthly fees of 250,000 MNT and pays the rent every 6 months. Myagmardorj used to work in his brother's vacuum window making company and in 2004, he decided to operate his own window-making business with the help of his friend, in a rented workplace, renting the necessary equipment.

After years of operation, they were able to buy their own tools and equipment and run their business which however stopped in 2009 due to high rental cost. After that, Myagmardorj purchased a container space in Narantuul, the biggest market in the city, where he operates a luggage-storing business. He has built up a stable and successful operation within this short period. Over the year of operation, his earnings have enabled him to live in a rented apartment after previously living in a 'ger', a traditional Mongolian nomadic home tent, in his brother's yard.

Myagmardorj is a modest and helpful man . He is requesting a 3,000,000 MNT loan to expand his business type by returning to his previous vacuum window-producing business.



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Loan details