A loan of $800 helped to purchase equipment.


Lhagvasuren's story

Lhagvasuren is 34 years old and lives with his wife and three daughters in a ger, a traditional Mongolian yurt, in the Uvurhangai province of Mongolia. His wife is a tailor who owns a clothing-making business. His older two daughters, age 11 and 13, go to a local secondary school while the youngest, who hasn’t reached school age, stays home. Lhagvasuren manages a welding business in his town. He started his business in 2007 and is planning to expand in the future. In addition, he manages a taxi service business and uses his own motorcycle to supplement his earnings. Lhagvasuren is planning to buy a container, which can be used as his workshop, to increase his business sales and service new customers. He is a hardworking man who says, “I want to buy more equipment in order to provide quality service for my customers, so I can expand my business.” Lhagvasuren is requesting a 1,000,000 MNT loan to purchase equipment for his business.



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Loan details