Mr. Tserenbat, 30, is a taxi driver, and he has been running his business nonstop since 2008.
Now, he lives with his parents in the Ger district, a Mongolian traditional nomadic tent district, which is in Ulaanbaatar, the capital city of Mongolia. Still, he runs a taxi with his old, used car. Lately it has been damaged and is becoming old completely, especially its core part, a gear box, which has an issue that must be resolved to work normally. It will have a faulty influence, as he said. Therefore, he decided to renovate his car to further run his business normally. He is requesting a loan to purchase the spare parts for his old 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.