Mr.Batdorj, 36 and a driver, lives with his three daughters and his wife in Ulaanbaatar, the capital city of Mongolia. His daughters study in secondary school and his wife manages a basic commodities store beside their house.
Batdorj has been working as a cargo driver privately since 2004. He has requested a loan to raise his store's circulating assets through purchasing more commodities from the market, especially facilities for study. Because a new session of the academic year is starting, he thinks there will be a lot of sales at his store and the income is going to increase absolutely.
By the way, his family is one of the very busy and happiest families of the world.
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.