A loan of $1,525 helped to purchase a new car.

Tsegmid's story

Tsegmid T. is 34 years old and lives with his wife and three children in Uvs, Mongolia. He and his family live in their ger /Mongolian nomadic housing tent. His wife operates a sewing business by producing a variety of deels, a traditional Mongolian coat, in their home.Tsegmid has been operating a taxi service for the past five years after moving to the capital city of the province. He used to live a nomadic lifestyle in the country, herding his livestock.

Over the years, he has built a stable taxi service with a monthly revenue of between 150,000 and 180,000 MNT. He wants to change cars and get a more convenient, faster one. He has sold his previous car at 2,000,000 MNT and soon will purchase a new car in Ulaanbaatar. Tsegmid is a very clever and talkative person. He is requesting a 2,000,000 MNT loan in order to purchase a new Japanese car at 4,500,000 MNT for his taxi business.

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