Enkhbat is 50 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. Enkhbat used to work as a truck driver but since 2002 he has been working in a taxi business. He works for a taxi company and serves customers from the call center.
Enkhbat's eldest son, Ishzundui, is 31 and a disabled person. He has been deaf from birth and stays at home helping around the house. Enkhbat’s youngest son, Togtoh, is 16 and studies at college. He has to pay school fees each year. Enkhbat’s wife, Dolgor, weaves ropes made of horse hair and used in gers, the traditional Mongolian nomadic tents. She has her own customers and sells the ropes to them.
Twenty-three years ago Enkhbat’s family suffered a big loss. Their home was burnt down and they lost all their belongings. Enkhbat is requesting this loan so that he can pay his son's school fees and buy some furniture for the house.
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.