Battulga is 45 years old and lives with his wife in Ulaanbaatar, the capital city of Mongolia. The couple has a 19-year-old daughter who lives independently. Currently, Battulga has three jobs: he is a watchman at a gasoline station; he runs a taxi business with his old car; and, since 2002, he has worked as a construction team leader at night.
Battulga has wanted to renovate his old taxi for a long time. However, there is an issue with his car payments and he is therefore requesting a loan to repair his car. Battulga will repay his loan with the income from his two part-time jobs.
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.