Mr Nanjiddash is 31 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. Currently they don’t own any land and are living on their relatives' land in a ger (traditional Mongolian nomadic tent). His son Bilguun, aged nine, attends a local school and daughter Enkhjin, aged one, stays at home. His wife Nyamerdene looks after the baby.
Mr Nanjiddash has been running a transportation business since 2005. In winter time he carries coal for coal dealers and in other seasons he transports goods between warehouses and markets. Sometimes he works as a delivery man. His normal working day starts at 8am and finishes at 9pm. He is a very hardworking and persistent man.
He is planning to buy a piece of land and to build a house on it. The loan he is requesting will be used to purchase a plot of land. He has already made a contract with a salesman to buy the land and now he has to pay the money for the land, according to the terms of the contract.
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.