A loan of $2,975 helped to buy essential materials to renovate his small house.

Otgonganbat's story

Otgonganbat is 42 years old, married to Munkhjargal, a 45-year-old woman. Their marriage has been blessed with two children, Uyanga, aged 21, a university student, and Khansumberel, a seven year-old son who attends primary school. The family lives in a small house in the outer district of Ulaanbaatar. Munkhjargal has been operating fruit wholesale business at Bars, a local outdoor market, since 1999. She imports her products from Ereen, the border city of China, and sells to local stores and outside of the city as well. Her business has been developing considerably during the last few years hence she has a large number of constant customers.

Otgonganbat is requesting 3.700.000.00 MNT /Mongolian Tugriks/ loan to cover his house with bricks and block stones. Since the temperature goes below -40 C during the winter time in Ulaanbaatar, he wants to make his small house warm and cozy.

Otgonganbat graduated from the Railway University and National Academy of Governance in 2005. Since then he has been working as an engineer at Ulaanbaatar Train Station. He is a hard-working, responsible and trusted client of our institute who is very thankful for the lenders for giving him an opportunity to improve his family’s living standard.

Loan details

Lenders and lending teams

Loan details