Ganbaatar Ch. (41) graduated from the University of Technology and Science of Mongolia in 1995, majoring in software programming. After graduation, he worked as an IT engineer for 12 years at a small local company. Later in 2011, he began his entrepreneurship and established his own company “Grandwork international LLC.” The company sells office and personal computers and various computer accessories. Now, the company has 3 employees and operates in 2 branches located in Ulaanbaatar city.
The usage of personal computers in Mongolia has been dramatically increasing during the last decade. Especially, demand for affordable computers is steadily growing among high school and university students. Ganbaatar is planning to import affordable personal and office computers from China and South Korea to meet the local demand. In order to supply local buyers, he aims to buy a decent amount of inventory and to hire 2 more sales assistants at the store.
However, he is in short of finance to purchase additional inventory for his 2 stores. With a loan amount of MNT 250 million, Ganbaatar can add sufficient inventory for his 2 branches of the store and will be able to supply computers with reasonable prices to the local customers.