A loan of $1,450 helped to pay his older daughter's tuition fees.

Bayaraa's story

Mr. Bayaraa, who is 38 years old, lives with his wife and two daughters in a little house in Arhangai province. His wife works as an elementary teacher in the school. His oldest daughter is a college student and his youngest daughter joined school this year. Mr. Bayaraa has been running a business supplying wool, cashmere, and livestock skins to Ulaanbaatar city for 10 years. He purchases the raw materials from herders in a market of his province. He buys the raw materials for 2,000,000 MNT a day and then he sells them one day a week. His profit is 1,200,000 MNT per month.

Because he has been running this business, he has a good business network in his province. His wife's salary is not enough for their family needs so he needs to pay his older daughter's tuition fees. Therefore, he requests a 2,000,000 MNT loan.

Loan details

Lenders and lending teams

Loan details