Byambasuren is 44 years old and lives with his two children and his wife in Darkhan, the third largest city in Mongolia. They live together in a ger, the traditional Mongolian nomadic tent. His son attends the “Darkhan urguu” university in Darkhan city, and his daughter attends a local secondary school.
He has been running his transportation business since 2009. He transports people from new Drakhan city to old Darkhan every day from early morning until late in the evening. His wife works with him as a cashier. Batdorj is a very hardworking, optimistic person whose goal is to extend his business and provide good education for his kids, and also to have his own house.
He is requesting a loan to buy some construction materials to fix his garage.
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.