A loan of $1,050 helped to purchase consumer products to sell and fuel his transportation business.


Bayanjargal's story

Bayanjargal is 48 years old and lives with his wife and 20-year-old daughter in the Arkhangai province of Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent. His daughter attends university and his wife helps Bayanjargal with the family business. He operates a consumer goods retail business and a transportation service. He began his business in 2000 with working capital of 300,000 tugrugs (~210 USD) and since then he has established himself within the business community and his working capital now exceeds 5,000,000 tugrugs (~3500 USD). Bayanjargal says, “I want to expand and improve my business in the future.” He is requesting a 1,500,000 tugrug (~1050 USD) loan in order to purchase consumer products and fuel for his business.



Loan details


Lenders and lending teams



Loan details