In 2000, Gankhyag (38), founded his business in international trade of raw materials in Dornod province. Later in 2008, he broadened his business into an international freight, partnering with his friend Bas-Erdene. Operating in international trade and freight for over a decade, Gankhuyag discovered a business opportunity in sales of construction materials, and in 2014, he established his company “Choibalsan Cargo” LLC. Now, the company runs a construction materials store in Dornod province, which sells variety of roofing, plumbing, and flooring materials, panels, lightings etc. Currently, the company has total of 4 employees.
Gankhuyag founded his business in Dornod province which is located at the east side of the country and borders with Russia and China. Due to an economically favorable location, international trade has been significantly developed in the province, especially construction materials trade. As construction sector of the country is intensely developing, a demand for broad range of construction materials has been increasing throughout the country. Therefore, Gankhuyag plans to expand his business and open a new branch of the store in Dornod province.
With a loan amount of MNT 68 million, he will be able to open the new store with variety of construction products. He will hire 4 more employees as sales assistants and loaders for the new store.