Mr.Dashdorj is 41 years old and lives with his wife and 2 children in Ulaanbaatar, the capital city of Mongolia. The two children both attend a local secondary school. They live in house which they bought four years ago.
Dashdorj used to be bus driver. Then he left the job and started running a taxi business and done it for 5 years. Last year he bought an excavator on a leasing contract from the bank and does different digging jobs on a call basis. He receives plenty of calls from clients such as digging trenches for cables, pipes, house basements and so on. The loan he is taking will be used to buy necessary spare parts for his excavator and to carry out some proper maintenance service.
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.