Funded

Total loan: $1,400
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Batsaihan


A loan of $1,400 helped to purchase a used truck with a trailer for spare parts.


Batsaihan's story

Batsaihan is 46 years old and lives with his wife and their four children in Ulaanbaatar, the capital city of Mongolia. He and his family live together in a house on their own plot of land. His wife is unemployed, but she sells spare parts from their yard.

Batsaihan has been operating a spare car parts trading business at the ”Uguumur” trading center since 2005. In addition, he keeps the largest spare parts in his yard, where his wife sells them.

Batsaihan has increased his working capital previously using a loan from XacBank. He has been planning to expand his business and to rent a counter at a new location. He was able to purchase a 20-ton container with his business profits. By doing this, he was able to sell spare parts at “Uguumur” trading center. He has great business experience that he gained over the years.

Batsaihan is a very hardworking and responsible person. He is focused on the future and says, “I would like to purchase a house for my oldest son.” Batsaihan is requesting a 2,000,000 tugrug loan to purchase a used truck with a trailer to sell it as spare parts for a profit.



Loan details

Loan length:

13 months
Disbursed date: March 2, 2010

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: March 2, 2010