A loan of $1,200 helped to purchase spare parts and new bicycles.


Uuganbayar's story

Uuganbayar G. is 25 years old and is just married. In May 2008, he bought bicycle repair equipment for 1,700,000 tugrugs ($1,200 USD) and started repairing bicycles; he rents a small room at the central local market for his shop. Uuganbayar not only repairs bicycles bur also sells new bicycles. Before fall comes, he is planning to expand his business and purchase more bicycles from the capital city, Ulaanbaatar, where he goes every two months to purchase bicycles and spare parts at very cheap prices. His wife Batchimeg works as a saleswoman at a local food stall and is paid 150,000 ($110 USD) tugrugs per month. With this loan, he will purchase a variety of bicycles at wholesale prices to increase his business inventory.



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Loan details