A loan of $725 helped to purchase second-hand clothes in bulk.

Lundaajantsan's story

Mr. Lundaajantsan, 56, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. He has been running a second-hand clothes business for eight consecutive years and accumulated a vast amount of experience in this type of business. He has permanent customers and suppliers, and his business is very stable with no fear of bankruptcy.

Besides his business, he also works as a gatekeeper at private business entity. His elder son lives separately from his parents and works as an engineer at an electricity and heating station. His younger son studies at high school, and his wife is a consultant at one of branches of the widely known Swedish Oriflame cosmetics business.

Lundaajaltsan has borrowed money from our organization eight times and repaid every debt on time without delay, and he is one of the trustworthy clients. This time he is requesting a loan of 1,000,000 MNT (Mongolian tugriks) to increase his circulation assets by purchasing second-hand clothes in large amounts. As a result, he can generate more income for his family. One of his objectives is to help his son to purchase an apartment. He is a very hardworking individual who has strong willpower.

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