Adyajav is 37 years old and lives with her husband and 2 children. They live in ger, the traditional Mongolian nomadic tent, in Ulaanbaatar- the Mongolian capital city. Her two sons attend local secondary school. Her husband delivers stationary to people who operate stalls in the market. Adyajav has been operating a taxi business for 7 years and has gained much experience. She is planning to expand her business and says, "I have a dream to have my own grocery store one day to ensure my children’s future life."
This is Adyajav's fourth loan through Credit Mongol. Adyajav’s youngest son has an eyesight problem. She needs to send her son to have eye surgery in India. Therefore, she is requesting a loan to increase her business 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.