Mr. Bayarbaatar, 37, lives in Ulaanbaatar, the capital city of Mongolia. His wife, Baasarsuren, works in a pawn shop. His daughter, Maralmaa, is a student in secondary school.
In 2003, he graduated from the National University of Mongolia as a lawyer. Since his childhood, he has always been interested in fashion design. However, he is not a professional designer. He has been designing and sewing dresses lately. Sometimes he needs to hire some workers to support his business when he has a high work load. Now he would like to renovate his work shop and to buy new textiles and fabrics for his tailoring business.
The loan that Mr. Bayarbaatar is taking will be devoted for these reasons.
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.