Tsendjav M. is 23 years old and lives with his wife and parents in Ulaanbaatar, the capital of Mongolia. They live in a wooden house. For three years, he has operated a clothing and cosmetics sales retail business with his wife. They run their business at the most crowded market in city. His parents are retired and he has no children yet. Tsendjav is planning to have their own plot of land with a house. He is a very optimistic person and he has been working hard to achieve his dream. He is requesting a 300,000 MNT loan to purchase some spare parts for his car.
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.