Mr. Delgerbuyant is 23 years old and lives with his wife and son in a house which is located in the slum district of Ulaanbaatar, the capital city of Mongolia. He works as an electrician for a construction company. His monthly income cannot meet his necessary expenses. Delgerbuyant wants his son to grow up in good living conditions, so recently he made some adjustments to his house and changed the design of his house's rooms. Now he needs to buy some new furniture for his home. The loan he is taking will be used to cover the cost of new furniture.
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.