Munkherdene is 24 years old, married, and has one son. His family lives together in a wooden house on their plot of land in Ulaanbaatar, the capital city of Mongolia. His wife Nyamdulam, who is also 24 years old, is studying to become a lawyer at a state university. Their parents take care of their son in Bayankhongor province. Munkherdene used to work at an auto repair shop as a manager. In 2009, he began operating his own business replacing and fixing car windshields. Munkherdene is planning to expand his business in the future. He is requesting 2,800,000 MNT loan 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.