A loan of $825 helped to purchase a motorcycle to start his new business.


Tsengelbayar's story

Tsengelbayar is 25 years old and lives with his wife and his daughter in a ger (Mongolian yurt) in the Uvurhangai province of Mongolia. He married in 2010. His wife is unemployed because his daughter was born 1 year ago and his daughter stays at home. Tsengelbayar and his father started a building construction service in 2008. The business is a family business. He said "My building construction service business is seasonal, because we are busy in summer time. But we have free time in winter time. I have no income in winter time." Tsengelbayar's monthly income does not usually meet his family's necessities, so he would like to start his own new taxi business. He is requesting an 1,100,000 MNT loan to purchase a motorcycle to start his new business.



Loan details


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Loan details