Batdelger S., 49, is married, and is the father of two daughters. He and his family live together in a house, which they own, in Ulaanbaatar, the capital city of Mongolia. His oldest daughter, Battsetseg, attends a local university and his younger daughter, Bat-Otgon, attends a local secondary school. His wife, Otgonchimeg, is unemployed.
Batdelger has been successfully operating his business, a small car repair business that they started in 1992. At first, the couple rented a small tire repair shop, but after a year of successful business operation, he managed to build the garage and expand his services.
Batdelger and his family have been planning to grow their business in the future. Batdelger is a helpful person with a good personality. He says, “My dream is one day to change my repair place into a large and warm auto repair service.” He is requesting a 1,600,000 tugrug loan to purchase more equipment.
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.