Ganbaatar K. is 53 years old. He is the father of two daughters and lives with his wife and youngest daughter in their own small wooden house in Ulaanbaatar, the capital of Mongolia. His eldest daughter lives separately.
Ganbaatar used to operate a transportation business that utilized a microbus to carry people on one of the remote bus lines of the city. More recently, he bought a small car and started running a taxi service in the city. Ganbaatar's youngest daughter goes to the local secondary school. He is a very hard-working person and has gained much experience over the years and is a trusted driver for his many customers. Ganbaatar wants to purchase a notebook for his youngest daughter this year.
The loan he is asking for will be used to increasing 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.