A loan of $1,100 helped to purchase a car.


Bayarmagnai's story

Bayarmagnai is 31 years old and lives with his wife in Bayanhongor province, Mongolia. They have a two year old daughter and live together in a traditional Mongolian housing tent called a ger. Bayarmagnai started a transportation business in his local area in 2008 after working as an excavator driver for a gold mining company the previous two years. Today, he transports people throughout his town and the surrounding local area. He previously operated between his province and the surrounding cities. However, a bus service was installed, which cut into his profits. This caused him to make the change to becoming a local driver. Bayrmagnai is a well experienced driver and has good communication skills. His business is very important to him because it is the only source of income for his family. Bayrmagnai is focused on the future and says, "I would like to stabilize my business and will work hard to pay back my loan in full." He is requesting a 1,500,000 tugrug (~ 1,100 USD) loan to contribute money to the purchase of a car to use as a taxi.



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