A loan of $3,700 helped to buy a new field and to purchase more clothes.

Huathan's story

Mr. Huathan is 55 years old. He lives with his wife and youngest son in a small house in the western province of Mongolia. His wife is unemployed and stays at home. His youngest son helps in his father's business.

Mr. Huathan manages two kinds of business. First, he exports ready-made clothes to Kazakstan. The working capital of the business is 3,000,000 MNT. He conducts only the financial management of this business; his son manages sales. For the second business, he has been planting organic vegetables since this year. He successfully plants organic cucumbers and organic tomatoes in a greenhouse. Now he wants to improve his planting by expanding his fields.

He requests a 5,000,000 MNT loan. With 3,000,000 MNT he will buy a new field. With the rest of the loan he will purchase more clothes. Mr Huathan is a very sensitive businessman. He says, "I am happy to my son is starting to manage the business now that he is becoming an adult."

Loan details

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Loan details