Chuluunbat is 42 years old and lives with his wife and their 2 children and 3 grandchildren in his own ger, a traditional Mongolian nomadic tent. He has three other children who are grown up and live separately. Before 2005 he used to rent a stall in a local market to sell garments.
In 2005 he improved his business, bought a minivan, obtained a license for carrying people and started a transportation business. During this time he has been four times nominated as the "Best worker of the year" by his employers.
His route is 50 km's long and he runs this route 5 to 6 a day, carrying passengers all year around. Chuluunbat has taken the loan from our organisation 4 times and each time he has repaid in full and on time. He has become one of our reliable customers. He used these loans to build a house for his son, who was just married.
Chuluunbat is very responsible, hardworking person. He is asking for this loan, because winter time is coming and he wants to buy spare parts and make proper repairs and maintenance on his minivan and also to build a warm garage to his car.
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.