Mr. Oosor is 51 years old and the father of three daughters. He lives with his wife and youngest daughter in an apartment that they just bought. He has been working for Ulaanbaatar Railway Company as a serviceman of the train for 15 years. His wife is an accountant in a private company. They have another apartment located on the first floor of the building, and it is possible to use it as a cafeteria. Oosor wants to renovate that apartment for a cafeteria business. He is requesting a loan to make renovations to this apartment.
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.