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Mongolian women drive rise in organic cosmetics

Entrepreneurs seek to expand overseas sales of animal-based oils and creams

Otgontsetseg Ganbaatar, co-founder of organic soap maker Gilgerem, makes a batch of camel bone marrow soap. (Photo by Ochir Khaidui)

ULAANBAATAR -- A group of female entrepreneurs is developing a new use for the tens of millions of yaks, goats and sheep on Mongolia's vast steppes -- a range of organic cosmetics and skin creams, often based on traditional recipes, that is rapidly attracting attention from foreign buyers.

Lhamour, the biggest of several companies launched to exploit the potential of locally made organic cosmetics, raised 100 million tugrik ($53,000) in September from a bond issuance launched to finance new products, and is already exporting to Taiwan, South Korea, Hong Kong, Singapore and Belgium.

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