A loan of $2,325 helped to purchase building materials to renovate his rental houses.


Otgonbayar's story

Mr. Otgonbayar, age 47, is a radioman in a military unit of the Mongolian armed forces. He owns land and wooden houses in the outer city of Ulaanbaatar, the capital of Mongolia. He rents his houses to the families who move into the city and want to pay cheaper-than-market rent costs. It is an additional business of his income source. Currently there are eight households on his land and every month they pay him rental payments. Lately, his houses have been become old and damaged in some parts. Therefore he is planning to renovate them before this winter. This will be beneficial to his business future and will provide more comfortable living conditions for his customers. He needs the loan to purchase building materials to renovate his rental houses.



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