A loan of $2,875 helped buy a second hand car that his brother can use as a taxi.


Ariunbold's story

Ariunbold is 23 years old and lives with his parents and younger brother in their wooden house in Darkhan, the second largest city in Mongolia. He has been running a taxi business since 2008. Darkhan's parents are pensioners and his younger brother is 20 years old. Before the winter, his brother worked as a builder in Ulaanbaatar, the capital. But at the moment, his brother is at home and will not have a job again until next spring. Ariunbold is worried about his brother’s future. He says that working as a builder is not safe, and the salary is not enough to live on if his brother has a family, because of the seasonality of the work. So Ariunbold is planning to buy a used car that runs on gas, which his brother can use as a taxi. The loan he is taking out will be put towards the car so that his brother can improve his living conditions.



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Loan details