Purevdorj is 21 years old, a young father who is trying to build a life. His wife is a student.
He has been working in an auto service called “Sky” as a serviceman since this January. He works from 10 a.m. to 9 p.m. and has just one day off in a week. When he accomplishes his work well, he is rewarded by 10 percent of his salary as an encouragement.
Just a half year ago, he became a father, and now he should increase his income in order to rear their child. So he is planning to start a taxi business during the night to increase his income. He needs a good car for taxi service in the city. But there is MNT 1,400,000 lacking for a car payment. The loan he is taking will be dedicated to help pay the car payment.
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.