Naranbaatar is 30 years old, lives with his parents in Ger, which is a Mongolian traditional nomadic tent in Ulaanbaatar the Mongolian capital city. His parents are retired.
He has been operating taxi service in city for the last three years and has gained a lot of experience. Naranbaatar has one younger brother who is running taxi business as well, by using Naranbaatar’s other car. In the future he wants to sell his old car to get a newer one in better condition. He is a very responsible and optimistic person and he started building a house on his parents plot of land. He is asking for a loan to increase his working capital to purchase some spare parts for his two cars which are used for his taxi business.
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.