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A loan of $2,175 helped to purchase a truck.

Gerelt-Od's story

Mr Gerelt-Od is 32 years old, not married, and lives with his parents in the western province of Mongolia. His parents are retired and live on a pension. Because his parents were elderly, Mr Gerelt-Od left secondary school and became a herder. He has experience as a driver, because he needed to drive cars and trucks in the countryside. He has since moved, with his parents, to the center of the province.

Now he plans to his open a transportation business and he has decided to purchase a truck. In Mongolia it is possible to buy a truck for 7,000,000 MNT. He has sold his livestock for 4,000,000 MNT, but he still needs a 3,000,000 MNT loan to purchase the truck. Although Mr Gerelt-Od has a limited education, he is a hardworking man. Last year, he built his private house with four rooms.

Loan details

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Loan details