A loan of $1,450 helped to purchase a new truck.


Munhbat's story

Mr. Munhbat is 36 years old and lives with his wife and daughter in a house in Ulaanbaatar city. He has been managing a firewood trading business in the biggest wood products market of Ulaanbaatar city. He buys the firewood from rural wholesalers and then retails it in one day. Although he now sells only firewood, his plan is to increase his product line by adding timber and raw materials, which he will sell to construction companies. He is responsible for transportation and sales and his wife is responsible for the bookkeeping part of his business. Now they have an old truck and they are planning to buy a new one. Therefore, he is asking for 2,000,000 MNT, which he will add to some money that he has saved, for the cost of the new truck. He has had two previous loans that were paid on time.



Loan details


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Loan details