A loan of $2,450 helped to purchase auto parts.

Dugersuren's story

Dugersuren is 49 years old and lives with his wife and three children in a ger, or Mongolian yurt, in Uvurhangai province, Mongolia. His wife is a teacher, and his younger two children, ages 14 and 17, go to a local secondary school. His oldest son who is 22 years old graduated from college recently.

Dugersuren manages an auto parts business at a local market. He started his business in 2011 after managing a raw materials trading company for three years. Nowadays, auto parts businesses are popular. Therefore, he decided to start his own so that he can earn much more money than before.

Dugersuren is a reliable and trusted loan recipient of Xacbank, the biggest microfinance bank in Mongolia. He is requesting a 3,000,000 MNT loan to purchase auto parts in order to increase his business sales. He is a diligent man who says, "I want to expand my business in order to increase savings for my family."

Loan details

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Loan details