Oyunbat, 26, is a taxi driver and lives alone. He runs his taxi business around the districts of Ulaanbatar, the capital city of Mongolia. He is also a college student and the taxi service is his main source of income.
Lately, his car is having some breakdowns, making it dangerous to serve customers. Therefore, he needs to change some parts and sections. It will be beneficial for his business earnings if he can make these repairs before winter. The loan Oyunbat is requesting will be used to purchase the new parts for his taxi car and to make the repairs to it.
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.