A loan of $1,800 helped to purchase planks.


Batjargal's story

Mr. Batjargal, 41 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in a traditional Mongolian ger (portable felt dwelling) on a plot of land. His three-year-old daughter goes to kindergarten. Recently his wife began working as an assistant teacher at kindergarten. He has been rendering taxi services to local people since 2001 and has accumulated a vast amount of experience. During this period of the year, the price of construction materials reaches its lowest level, and purchasing them now will save quite a bit of money. Using his previous loan, he purchased quite a large amount of construction materials and is storing them in his yard. He is requesting a loan of 2,500,000 MNT to purchase planks for house building because he didn't buy enough planks in his first loan. Building his own house is one of his goals, and purchasing planks in advance will help him to save money because each year the inflation rate in Mongolia increases significantly. The borrower is a very hardworking individual who strives for a better life.



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Loan details