A loan of $1,275 helped to fix his own car and buy necessary accessories for his taxi business.


Lhagvasuren's story

Lhagvasuren L. is 38 years old and lives with his wife and 18-year-old daughter in Ulaanbaatar, the capital city of Mongolia. His only daughter is a student at the State Arts School of Ulaanbaatar. Lhagvasuren's family moved to the capital city from the countryside in 2000. In the beginning, he did not know what to do, but he eventually rented someone's car and drove it as a taxi in the city. Later, he bought a car for himself with the profits he earned and drives his own car as a taxi now. Since he is good at repairing old cars, he usually purchases broken cars and fixes them up to sell them at a higher price. It gives him a chance to earn extra income besides his main taxi business. In the future, he dreams of having his own car repair shop where he would be able to do what he is best at and fix many types of small cars.


Right now he is requesting a loan to fix his own car and buy necessary accessories for his taxi car.



Loan details


Lenders and lending teams



Loan details