A loan of $1,775 helped to purchase spare parts for his truck.

Soronzonbold's story

Soronzonbold Banzrach is a 43-year-old man and lives with his wife and 18-year-old daughter. He currently lives with his family in Arhangai province, one of Mongolia's central provinces. This is Soronzonbold's second Kiva loan. He took his first Kiva loan to purchase spare parts for his truck. But he needed more funds to repair his truck engine and other parts. Thus he is requesting a greater loan. He is a XacBank (Kiva's partner Microfinance institution) repeat client.

Soronzonbold has been in the trucking business since 1998. He owns an old Russian truck that he uses for carrying freight between his city and Ulaanbaatar, the capital city of Mongolia. His family is very supportive of his business and helps whenever he needs some help.

Soronzonbold says that he works hard to make sure that his daughter receives good education without any financial strain. Further, he dreams of exchanging his old truck for a new, powerful one.

Loan details

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Loan details