A loan of $2,875 helped to buy an automobile.


Munkhtur's story

Mr. Munkhtur, 40 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. His elder two children study at a local secondary school and other one goes to kindergarten. They reside in their own house. He has been working as a distributor in a private food selling company where his wife has a contract and sells its products.

They are using a very old automobile and want to change it with new one. So, he is requesting a loan of 4,000,000 MNT to buy a new car. The old automobile has burdens such as it constantly stops working out of the blue, requires repair in high frequency, and uses a lot of fuel. They want to buy new automobile which will emit less smoke and have positive impact on the environment.



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Loan details