Mr. Munkhtaivan, 30, is a taxi driver around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for a year. He lives with his family in the slum district of the city. Munkhtaivan needed some money to repair some damage to his taxi and to change old spare parts. It is important to his service quality and customers' satisfaction. The loan he is taking will be dedicated to purchase necessary spare parts for his taxicab 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.