Mr. Nasantogtokh, 45, is a photographer. He has been running his business since 1997 and prefers to develop his own business step by step. He lives with his 3 children and wife in the slum district of Darkhan, the second largest city in Mongolia. Photography is the main income source of this family. Because only Nasantogtokh is employed in this family, he pays for one of his son's college tuition fees.
Now he wants to renew his camera and some photography equipment. It is a big and important step towards his business improving, and he thinks that his earning will be increased after the renovation of work tools. The loan he is taking will be used to cover the cost of new photography equipment.
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.