Delgersaikhan N. is 34 years old, married, and has three children, two of whom attend school. They live in Ulaanbaatar, the capital of Mongolia. They live in a traditional Mongolian housing tent. His wife is a hair dresser. Delgersaikhan operates a taxi service in the city. In the mornings, he works at a foreign language center as a driver. He has been operating his taxi for 11 years and has gained much experience. He is an energetic person who would like to be able to provide a good education and other necessary expenses for his children. He is requesting a loan, which he will use to purchase some spare parts for his car and to renovate his house.
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.