A loan of $1,425 helped to purchase spare parts to repair his car.

Chultem's story

Chultem has run a taxi business since 2005 and has gained a lot of experience in the last four years. He is a 45-year-old humble hardworking man, who lives with his family in Arkhangai province in central Mongolia. His two older children are university students and the youngest attends a secondary school.

His business has been quite successful, as Chultem has increased his working capital from 100,000 tugrugs (~70 USD) to 800,000 tugrugs (~560 USD). The success of his business brings him profits that have enabled him to pay his childrens' university tuition fees. His wife takes care of their livestock which provide for their family's dairy and meat needs. Chultem says, "My dream is to see my children educated and having a quality life." He is requesting a 2,000,000 tugrug (~1,380 USD) loan to purchase spare parts to repair his car.

Loan details

Lenders and lending teams

Loan details