Mr. Khishigbat is 32 years old and lives with his wife Erdenechimeg (who is pregnant) and infant daughter in Ulaanbaatar, the capital of Mongolia. They live in a traditional Mongolian nomadic tent. His wife stays at home taking care of his daughter.
He has been operating a grocery store since 2008. His store is located in a good location where there are always many people around. He began his business a few years ago by operating a small booth, and purchased his own family car with his earnings.
Khishigbat recently started to operate an auto repair shop with his friend as well. He is a very busy and energetic person. The loan will be used to increase his working capital.
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.