Total loan: $1,850
Ulaanbaatar, Ulaanbaatar, Mongolia / Retail
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Batbayar's loan finished fundraising,
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A loan helped to contribute to startup capital.
Mr. Batbayar is 35 years old and lives with his son in a Mongolian traditional ger (portable felt dwelling) on a plot of land in Ulaanbaatar, the capital city of Mongolia. His main income comes for his taxi service. In order to increase his income, he decided to work together with his old friend, a former second hand car dealer, to import and sell automobiles. Actually he won't do anything except contribute to the startup capital. He will receive a share each month proportional to the sales. For this reason, he is requesting a loan of 3,000,000 MNT. Also in the future, he wants to run tire repair shop. The borrower is a caring father to his son.