He is an accountant, but for the past three years he has operated a taxi to earn a living. Lately, his taxi has been operating poorly because its core parts are damaged. Therefore, he has decided to fully repair his car, which he believes will allow him to generate an increase in profits in the future. The loan proceeds he is seeking will be dedicated to purchasing spare parts for his car.
About Credit MongolCredit 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.
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