Mr.Purevdorj is 26 years old. He lives with his wife and 2 sons in Ulaanbaatar, the capital city of Mongolia. Purevdorj owns a plot of land and he is planning to build a house on it in the future. Currently they live in a ger, a traditional Mongolian nomadic tent.
Purevdorj’s wife works in the “Blue sky” cashmere factory as an operator of a weaving machine. Purevdorj is truck driver with a private company and his job has a seasonal character. Therefore, on his free-of-work time, Purevdorj runs a taxi business. His taxi operation brings extra income to the family. He wants to replace his old family car for a newer one and he needs some money to top up his savings. The loan will be used to renew this old family car which he will use as a taxi.
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.