Byambatsog, 34, runs a taxi. He lives with his wife and his three children in a ger, a Mongolian traditional nomadic tent, which is in Ulaanbaatar's ger district, an area of the city with no running water, minimal roads and spotty electricity.
He has been running his business since 2010 and now it is the main income source of his family. Her wife has been unemployed for a long time and she wants to start a new business.
This time Byambatsog is requesting a loan to repair his taxi, which is damaged. He believes his business will be good after the 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.