Mrs. Mandakh, 42 has been working as a headmaster in the secondary school #11 of Dornod, a western region of Mongolia. She lives with her husband and her son in the common.
Sometimes she runs a taxi business, using her own car, when she has days off because her monthly salary does not meet her family’s necessary expenses. She already has permanent customers and earns extra money from her business.
But lately her car has become old and she needs to change its tires due to the coming winter. In Mongolia there is too much black-frost on the roads in winter. It is very dangerous for her and her customers. Therefore, she needs some money to change her car’s old tires to new winter tires and to make some adjustments to her car.
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.