Mr. Tseveenkhuu S. is 44 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. They live together in a small house, except for his daughter, Otgonzul, who is 15 and lives separately. Their son, Lkhavgabayar, is 9 and is a local secondary school student.
He has been operating a taxi business in the city with his own car for three years. He enjoys transporting people. Tseveenkhuu is a very hardworking person, and in the future he is planning to build a wooden house for his beloved daughter.
His wife, Oyunchimeg, recently opened a butcher shop in “Denjiin 1000” food market, and she took out a loan from KIVA. She used it appropriately and paid it back in full on time. The loan he is requesting is for his wife’s business expansion.
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.