A loan of $2,300 helped to purchase a car for his taxi business..


Davaajav's story

Davaajav, 27, is a serviceman, and he has been working for five years at a private auto service business. He lives with his wife and does not have any children yet. Davaajav is a very hard-working and sensible businessman. He plans to build an apartment complex in the district near the colleges and rent the units to students or other people who need housing. Over the last several years, there has been a lot of population growth in the districts of Ulaanbaatar, the capital city of Mongolia. Therefore, he needs to increase his income in order to have capital for his new business. Davaajav plans to start a taxi business to supplement the income from his current job by working at night and on his day off, but he does not have the money to purchase a car. He needs over MNT 3,000,000 to cover the cost of purchasing a car for his taxi business.



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