Tsrenpeljee is 36 years old, and lives with his wife and 2 daughters in Ulaanbaatar, the capital of Mongolia. They all live together in one-bedroom studio apartment, which they rent in the wintertime. In summertime, he lives in a ger, the Mongolian traditional nomadic tent, with his family on his younger brother’s plot of land. His daughters are attending local secondary school.
For 3 years, Tsrenpeljee has operated a taxi service in the city. He enjoys transporting people and is a very hardworking person. His wife, Oyunchimeg, is a kitchen assistant at a local café. Tsrenpeljee is providing a good education and other necessary expenses for his children. In the future, he is planning to purchase an apartment. He is requesting this loan to purchase some spare parts for his car and also to pay for apartment rent fee.
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.