Funded

Total loan: $1,050
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Navchaa


A loan of $1,050 helped to buy a used car in good condition.


Navchaa's story

Mrs. Navchaa is 27 years old and lives with her husband and 1-year-old daughter in a wooden house in Ulaanbaatar, the capital of Mongolia. Her house is located in a boundary area of the city with no running water, minimal roads, and spotty electricity. Since 2008, she has been working as a social worker at the St. Mary’s hospital under the jurisdiction of Representative Board of Vatican. And her husband works as a taxi driver for a taxi service company. Her job is in the city's downtown area. She spends four hours a day commuting, and she takes three types of buses during a one-way journey. She and her husband have been saving their incomes for two years to buy a used car. Her income is not enough for a normal car; she lacks 1,450,000 MNT. The loan Navchaa is taking out will be used to buy a used car in good condition, in order to spend more time with her family and to run a taxi business between her job and home.



Loan details

Loan length:

14 months
Disbursed date: October 6, 2012

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: October 6, 2012