Tserenpil is a humble, helpful and open-minded person. He lives with his wife and three-year-old son in Ulaanbaatar, the capital of Mongolia. They all live together in their own house, built and purchased in 2008.
Tserenpil currently operates a transportation business in the city, using a van that he owns. He enjoys the work. He started his business in 2006, after obtaining a loan to purchase his van. He has found much success as a driver. He and his wife purchased a 2000-year-model van last autumn. He says the loans have changed his life and he appreciates that.
He is requesting a loan to purchase and install a heating system, which has a boiler and a stove, in his 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.