Mr. Gansukh, 44, is a taxi driver around the districts of Ulaanbaatar, the capital city of Mongolia. He lives with his wife and his 3 kids on the boundary side of the city. He has been running his business since 1999, but not earning enough to provide for all of his family expenses.
His family owns an old house which was built in the early 1990s. Since it was built, no repairs or renovations have been made to it. Lately his house has became very old and damaged in many places. Especially, all of the windows have broken in the last several years. Therefore, it loses the heat to the outside through the windows. Due to this, his home becomes very cold during the winter time.
Gansukh is taking a loan to purchase new windows to replace the old ones in his house.
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.