A loan of $2,500 helped to purchase more iron.

Ganbold's story

Ganbold is 38 years old and lives with his wife and three children in a ger (a traditional Mongolian nomadic housing tent) in Hovd province, Mongolia. His older two children, ages 9 and 13, go to a local secondary school while the youngest one, who hasn’t reached school age, stays home.

He manages a metal welding business, with the help of his wife, in their town. He is responsible for making metal household goods including cups, spoons, forks, etc., and his wife is responsible for selling them. He specialized in making a traditional Mongolian oven used at almost all homes in the Mongolian countryside area. His business is quite profitable which allowed him to employ one more worker at his workshop.

He is a polite man who attributes his business success to his good communication skills. He says, "I am trying hard to feed my family and I want to have my own car in the near future." He is requesting a 3,000,000 MNT loan to purchase more iron for his business.

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Loan details