A loan of $1,475 helped to cover the cost of purchasing a car to improve the business.

Batkhuyag's story

Mr. Batkhuyag, 40, is a taxi driver and works around Ulaanbaatar, the capital city of Mongolia. For many years he has been running his business every weekday. He lives with his wife and his three children in the a slum district. Lately his taxi has been getting old and is damaged in most of its parts. It has a bad influence on his earnings and the quality of his service. Therefore he decided to exchange his car for the new one which is named Hyundai Verna. But he lacks money to cover its cost.

Therefore the loan he is taking will be dedicated to covering the cost of purchasing the car to improve his business. As he said, his earnings will be increased notably after he has the new car.

Loan details

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Loan details