A loan of $2,475 helped to purchase a new car.

Lhagvajav's story

Lhagvajav lives with his wife and three children in a house in Darhan-Uul Province, Mongolia. His younger two children go to a local secondary school, while his wife is a cook in Haan Buuz cafe, one of the well-known fast food chains in Mongolia. With the help of his older son, Lhagvajav operates an auto repair and welding service which he started in 2006 in his town. He also used to have a pig farm and a coal-trading business in order to supplement his family earnings. He intends to resume his coal operation.

A hardworking man who has been able to expand his business, today Lhagvajav is one of the most successful businessmen in his town. With his earnings he started to build a house on his plot of land and says, "With the loan received from Xacbank I had an opportunity to finish the construction work of my house. Now I want to have a car to use for my business." He is therefore requesting a 3,000,000 MNT loan to purchase a new car.

Loan details

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Loan details