Funded

Total loan: $925
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Bayarsaikhan


A loan of $925 helped to purchase better spare parts and to pay for the costs of renovating his car.


Bayarsaikhan's story

Bayarsaikhan is 34 years old and lives with his wife and two children in a ger (Mongolian yurt/nomadic tent) in the slum district of Ulaanbaatar, the capital city of Mongolia. His wife changed her job and now works as a cook in a cafeteria while their two kids attend kindergarten.

Since 2002, Bayarsaikhan has been running a taxi to support his family. He was trained as an engineer, but he still has not been able to find employment in his field. His business has been a main income source for his family for the past few years, as he explains. His wife’s monthly wage is not enough to provide the family's necessities. His car needs repair or renovation as soon as possible in order to continue his normal business operates. Core parts have been damaged, including an old engine and gear box, and its body is dated. Therefore he is requesting 1,200,000 MNT to purchase better spare parts and to cover his car renovation costs.



Loan details

Loan length:

14 months
Disbursed date: March 23, 2012

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: March 23, 2012