Mr.Battur is 40 years old and lives with his wife and 3 children in Ulaanbaatar, the capital city of Mongolia. In 2000, Battur’s family moved from the countryside to the capital city in search of a better life. Battur’s eldest daughter studies at university. His eldest son helps in his father’s business and the youngest son studies in secondary school. Battur’s wife works in Saikhan Kharaa Co.Ltd. as a cement dealer.
Battur runs a building materials delivery business using his truck. His family’s living condition is improving and they are happy that they moved to the capital city. Three years ago, they bought a plot of land. Currently they live in a ger, a traditional Mongolian nomadic tent. Last year Battur started his building project for a family house. The house is half complete and he is planning to finish it now. The loan Battur is taking will be used to buy a necessary building materials such as cement, sand, plaster, paints, wall papers to complete the building project of the family house.
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.