Expired

Total loan: $2,800
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Bayarmagnai

Mongolia
Erdenet, Mongolia / Transportation

A loan of $2,800 helped to purchase a new truck.


Bayarmagnai's story

Mr. Bayarmagnai, 43 years old, lives with his wife and child in Erdenet, third largest city of Mongolia. The family resides in their own house on a plot of land. He, together with his wife, has been transporting goods between Erdenet and other cities for eight years and has secured permanent customers for his business. His son goes to high school.

Mr. Bayarmagnai's current truck has been deteriorating over the years and became out of service. So he is requesting a loan of 4,000,000 MNT to purchase a new truck. The new truck will ensure his business's success and prevent his customers from choosing another driver. The borrower is a very hardworking individual who, before transportation service, worked in Japan on an employment contract in order to pay for his family's living expenses.



Loan details

Loan length:

21 months
Disbursed date: May 27, 2013
Expired: July 4, 2013

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: May 27, 2013
Expired: July 4, 2013