Badamdorj is 45 years old. He lives with his wife and 4 children in Ulaanbaatar, the capital of Mongolia. They all live in a wooden house. He operates a trucking business in which he transports goods, such a wooden materials, to the 44th Building Market.
His wife operates a dairy business during the summer time. His eldest daughter studying physics and electronics at the national university. His other three children attend the local secondary school.
In 2000, he moved to Ulaanbaatar to open his transportation business. During his first year of business, it was difficult for him to conduct business because other drivers, in competing businesses, were pushing him out of the market. But he didn't give up and, after years of operation, he has gained a lot of experience.
Badamdorj used his saving to purchased a family truck and his own plot of land with a house. This is his 6th loan from Credit Mongol. Now he is requesting a 3.200.000 MNT loan to purchase cheaper meat from rural areas so he can sell it for a profit.
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.