Orkon's wife's younger brother is leaving for South Korea to work on a labor contract; such contracts are very hard to obtain due to the large volume of Mongolians applying to work abroad to earn some extra money, and they must pass through a very strict selection procedure. The loan Mr.Orkhon is requesting will be used to pay for his brother-in-law's travel to Korea and to cover some personal expenses.
About Credit MongolCredit 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.
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Success!! The loan was 100% repaid