Funded

Total loan: $975
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Batbayar


A loan of $975 helped to make repairs to his old car and cover the cost of a new fiery fuel engine for his car.


Batbayar's story

Mr. Batbayar, 29, works as a dealer for a private food company. He lives with his daughter and wife in a ger (Mongolian nomadic yurt) in the ger district of Ulaanbaatar, the capital city of Mongolia. Batbayar has been working for over four years but he still does not have enough salary to meet his family's needs. This year his daughter will enter primary school and it will cost a lot for school fees and other necessary expenses. Therefore, Batbayar decided to start a taxi service on top of his job to increase his earnings.

Currently, Batbayar has an old car for family use, but it has a lot of damage for running a taxi business around the streets of Ulaanbaatar. In essence, he is planning to install a fiery fuel engine. It is a kind of engine which is smokeless and environmentally oriented. First, he needs to repair it completely. The loan he is requesting will be used to repair his old car and cover the cost of a new fiery fuel engine.



Loan details

Loan length:

17 months
Disbursed date: March 23, 2012

Lenders and lending teams



Loan details

Loan length:

17 months
Disbursed date: March 23, 2012