Mr.Taivanbat is 23 years old, lives with his wife, son and parents in Darkhan, the second largest city of Mongolia. Taivanbat has been running a taxi business since 2009. They own a plot of land and the house on it.
His wife looks after the baby at the moment. In addition to his taxi business, Taivanbat runs a farming business. He has 8 horses and 2 cows. Taivanbat is planning to buy 3 more cows with babies. One cow together with a baby costs around 800 USD. His parents are experienced farmers and they help to raise the livestock.
Taivanbat’s family milks the cows and use the dairy products for their own needs. They also sell the milk to their neighbors. Taivanbat is asking for a loan to raise his daily output of milk by buying three more cows together with their babies.
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.