Aldarmonh – Retail (Hentii, Mongolia)
Aldarmonh is 27 years old and lives with his wife and son in a ‘ger’ (Mongolian home) in Hentii province. His wife Enhzaya works as a saleswoman in a local market, and his son Monh-Ermuun goes to a local kindergarten. Aldarmonh attended a mobile phone repair course in 2008 and then worked in a mobile phone repair center, gainingd a lot of experience and customers over the years. He recently started his own business of mobile phone repair and sales at a rental counter of a local market.
His loan of 1,350,000 MNT (~$975) enables him to purchase inventory and equipment to support the growth of his business, and is provided through XacBank’s startup loan which helps poorer clients build a new business venture by offering reduced interest rate loans for selected start ups