Battulga is 33 years old and lives with his wife and 2 children in Darkhan, the second largest city of Mongolia. Currently they live in a rented apartment.
He has been running a taxi business since 2008 and works on contract with a taxi company. His wife works as a salesperson at a building materials sales shop. His elder son goes to secondary school and the younger daughter attends a kindergarten.
In 2000, the Mongolian parliament adopted a new land law according to which every Mongolian citizen who reached 18 was allowed to obtain a 0.07 hectare plot of land free of charge. Battulga recently has obtained a license on his land and now he is planning to build a fence around it. In the future, he is planning to build a family house on his land.
The loan Battulga is taking will be used to buy enough wood planks to build a fence around his land and to pay for labor costs.
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.