Mr. Ganzorig is 26 years old and lives with his wife and his daughter in Kherlen, a boundary town in Mongolia. He works as a watchman in a private company. He also runs a taxi business around the town. It is beneficial to increase his family income.
Lately his taxi car has been becoming old and bad to use for taxi service. Therefore he decided to make a repair to his car. It needs new spare parts for the renovation. The loan he is taking will be dedicated to purchasing the spare parts for his car repair.
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.