Mr. Sengesamba, 44, is a freight transportation driver by mini-truck. He has been running his business for 3 years. During these years, he has already made permanent customers. He lives with his 2 children and his wife in a ger, the nomadic Mongolia traditional tent, in Ulaanbaatar, the capital city of Mongolia. Indeed, he is a man and father who always wants to get his family in a good living condition. He thinks that he needs to earn more and more than before.
Lately, his truck has become very bad and has damaged parts. Due to this, his earnings have been decreased in the last several months and sometimes he can not fulfill the orders of his customers. Therefore, he is planning to make a renovation to his truck. The loan he is taking will be dedicated to purchasing new spare parts for his freight transportation truck.
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.