Mr.Erdenetsogt, 47, is a photographer privately. He has been doing his business since last year. It is his very first business by himself. He lives with his mother and his brothers in the slum district of Ulaanbaatar, the capital city of Mongolia.
Every day he has had a lot of orders and jobs in the last months. That shows his business will increase and expand in the future as he believes. Now he is planning to work with one of his friends jointly. For that he needs more cameras and more equipment for their business. The loan he is taking will be dedicated to purchasing the additional tools for his photography business.
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.