A loan of $2,550 helped to purchase wood.

Erdenebayar's story

Erdenebayar T. is a 32-year-old man who lives with his wife and a daughter in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. He is originally from the Uvurkhangay province, where he used to run a small carpentry business with his father. In 2000, he moved to Ulaanbaatar with his family to pursue a new life.

In Ulaanbaatar, he launched a small shop for the wooden products that form gers (traditional Mongolian nomadic circular tents) in the Narantuul market, which is the largest outside marketplace in Ulaanbaatar. Since its inception, his business has expanded and currently employs four workers.

His firm brings raw wood from the Uvurkhangay province and manufactures the wooden products for tents in Ulaanbaatar. He receives direct requests from his customers thanks to his popularity and hard work; therefore, there is no need for him to rent a stall in the Narantuul market anymore.

Erdenebayar is a dedicated, hard-working and entrepreneurial man. He hopes to have a larger-scale production firm for wooden products. He says, "The first thing I am aiming for is to have my own plot of land and a place to live." He requests a loan to purchase more wood from the Uvurkhangay province.

Loan details

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Loan details