Onon is 37 years old and lives with his wife and 4 children in Ulaanbaatar, Mongolia. He and his family live together in a ger, the Mongolian nomadic tent. His three daughters attend a secondary school and his wife stays at home with his one year-old son Temuujin. Onon operates a trucking business with his Kia Fronter truck, which has a capacity of two tons. He is a very hard-working person and his business is very important to him. Onon says, “As a father, I would like to be financially available to provide a good education and other necessary expenses for my children until they grow up. Also, I would like to expand my business and to purchase my own apartment for my family in the future.” He is requesting a loan to purchase four tires and other spare parts for his truck.
About Credit Mongol
Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.