Funded

Total loan: $1,650
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Oyundorj

Mongolia
Hentii, Mongolia / Auto Repair

A loan of $1,650 helped to purchase car engines, tires and other spare parts.


Oyundorj's story

Oyundorj, 39 years old, is married and lives with his wife and three children in a house, in a ger district, in Hentii province of Mongolia. His eldest son is now a college student and the younger children are high school pupils. He started to craft wooden furniture from 1994 and collected money to buy his first car until 2000. Then he became a taxi driver until 2003, when he started to run a car repair service.

He started this business with his own money and received a loan from XacBank in 1999. He used his loan properly and built a garage. His wife helps with the family business and manages the procurement of car spare parts. He is a hard working, diligent, and honest man who says "Although I didn't study engineering, I love to fix cars. I am planning to have a work station so that I can do my work indoors. I think this is the right time to take the opportunity. At the same time, my business is my sole income source and life guarantee."

He is requesting 2,000,000 MNT loan to purchase car engines, tires and other spare parts.



Loan details

Loan length:

26 months
Disbursed date: August 10, 2011

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: August 10, 2011