A loan of $575 helped to purchase more bottles.

Jargalsaihan's story

Jargalsaihan, age 54, operates a clothes sales business in his town. He started this business in 2005. In addition, he runs a business trading plastic bowls and bottles. He collects used cans and bottles in bulk. He plans to obtain a large storage facility where he can load and store large quantities of cans and bottles.

He is a diligent man who is planning to expand his business in the future. He says, "Because of insufficient collateral, I am having difficulty receiving loans from banks." He is requesting a 700,000 MNT loan to purchase more bottles and to increase his working capital.

Jargalsaihan lives with his wife in a "ger," a traditional Mongolian yurt, in the Govisumber province of Mongolia. His wife is an inspector who works at a public organization. All of their children are grown and live separately.

Loan details

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Loan details