A loan of $4,400 helped to purchase starting inventory and equipment for his new business.


Erdenebulgan's story

Erdenebulgan is 20 years old and lives with his parents in a small house in Ulaanbaatar city, Mongolia. His father works at a local company as a driver and his mother works as a chef in a small cafeteria. He was one of the young entrepreneurs who attended Development Solutions NGO's YBM project and was selected as one of the best business plan developers. He is now starting his own business of a small bakery. Erdenebulgan started studying in a local college as a meat and meat products technician. Enrolled in the local university and majored in food processing technologist. He worked as an intern in food processing factories soon after his graduation and is working towards establishing a pastry business. He is a humble and hardworking young man who says, "My objective is to start my own business in an industry which I have acquired my major in." He is now requesting a loan of 8,000,000 MNT to purchase starting inventory and equipment for his new business. Youth Business Mongolia project is a subsidiary project for Mongolia of Youth Business International, organized by Development Solutions NGO to support young entrepreneurs and their ideas to grow into businesses by providing training, mentoring, and other technical assistance.



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