Mr. Bishrelt, 26, is a taxi driver around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for over 2 years and already has had his permanent customers who are satisfied with the quality of his taxi service.
Lately his taxi car has been becoming old and bad to use for his taxi service. Therefore, he wanted to make renovations to his car. The loan he is taking will be dedicated to purchasing some spare parts for his car renovations.
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.