A loan of $2,900 helped to purchase a house.


Erdenebaatar's story

Mr. Erdenebaatar, 48 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. The couple resides in their own house on a plot of land. His wife used to work as a driver at a transportation business entity. He himself renders transportation services between Ulaanbaatar and Darkhan, the second largest city in Mongolia. Now his wife also works as a driver at the same entity in another direction, between Ulaanbaatar and Baganuur, one of the nine districts of Ulaanbaatar but considered a separate city.

The house they live in is far away from the city center and they have difficulty accessing day-to-day activities such as shopping, transfer of cash and going to work, etc., so he is requesting a loan of 4,000,000 MNT to add to his savings for purchasing a house which is near to the city center. Over the past years he has accumulated a cash amount of 14,000,000 MNT and the price of his desired house is 18,000,000 MNT. As a result, the family can live in a strategically-located house where banks, shops and work places are easy to access. The borrower is a very hardworking individual who strives for a better future.



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Loan details