Bayarsaikhan has been operating a taxi business for seven years, while his wife looks after the children. An experienced taxi driver, he likes his job and earns around 300 USD a month. During the past seven years he has managed to buy a family car and a small family house from his savings. Bayarsaikhan is now requesting a loan to renovate the house where they live. The loan will enable him to buy necessary building materials such as cement, sand, wood planks, paints, and plasters.
About Credit MongolCredit 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.
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Success!! The loan was 100% repaid