Erdenebold is 48 years old, a father of 5 children and lives with his wife and four children in Ulaanbaatar, the capital city of Mongolia. They all live together in small house on their plot of land. His oldest son Narankhuu 24 is a student and currently living separately from the family, with his wife. His other four children are attending a local secondary school.
Erdenebold has been operating a taxi service in city for the past seven years and has gained many experiences. He is a very hardworking person with a strong will, who is responsible his children’s living expenses and teaching them good morals. In the future he is planning to get newer car with his savings.
Erdenebold is requesting a loan to buy a Ger, the traditional Mongolian nomadic tent, and furniture for his oldest son.
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.