A loan of $1,450 helped to purchase coal and firewood wholesale and sell it at retail prices.


Myagmarsuren's story

Myagmarsuren is 68 years old and lives with his wife in the Sukhbaatar district in Mongolia. His children are married and have moved out of their parents' house.

In 2003, he started his transporting business using his mini-bus. Myagmarsuren transports coal and firewood in the winter and provides moving services for households during summer. He is a well experienced driver. He has many regular customers.

He is starting to operate his own business of coal and firewood retail. Since he has been transporting people's coal and firewood for long time, he knows how to thrive in the sector. He is asking 2,000,000 MNT to purchase coal and firewood wholesale and sell it at retail prices. He has good record of eight loans with timely repayment at Xacbank.



Loan details


Lenders and lending teams



Loan details