A loan of $2,875 helped to start a new minivan business.


Nyamdavaa's story

Nyamdavaa is 32 years old, a humble, helpful and open-minded person. He lives with his mother and seven-year old daughter. His daughter, Enkhjin, attends secondary school. He has been working as a driver in a local company since 2011. He is hard worker, but his salary is not enough to support his family. He wants to increase the family income. Nyamdavaa says, “As a father, I would like to be financially able to provide a good education and meet other necessary expenses for my daughter until she is grown up. Also, I would like to expand a new business and to purchase our own apartment for my family in the future." He already paid part of the money for his minivan, but he still owes 4,000,000 MNT to the seller. The reason he is asking for this loan is to pay the rest of the money for his van. He will run a transportation business and carry people along one of the remote bus lines in Ulaanbaatar City.



Loan details


Lenders and lending teams



Loan details