A loan of $1,550 helped to cover the remaining cost of purchasing a car for his son to use as a taxi.

Gansukh's story

Mr. Gansukh, 46, has been working as a plumber privately since 1995. He has three sons and lives with his family in a suburban district of Ulaanbaatar, the capital city of Mongolia. His wife has worked as a janitress in a state organization for many years.

One of his sons decided to run a taxi service outside his class schedule. Actually he is a senior student in the college. His annual school fees are expensive for his parents. Therefore he always wanted to assist his parents through earning money by himself as far as possible.

He needs to start by buying a car for his first business. It will not be so expensive; it costs about of MNT 5,000,000 in the Mongolian auto markets. But he is short MNT 2,000,000 at the moment. The loan he is taking will be dedicated to covering the remaining cost of the car he intends to purchase.

Loan details

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Loan details