Purevdorj, 25, works as a manager in a state organization. He is unmarried and currently he lives with his parents, who are pensioners. However, his father has been working as a driver since he retired for extra earnings for supporting his son. They own a house that was built many years ago in the ger district of Mongolian nomadic yurts in Ulaanbaatar, the capital city of Mongolia.
Recently, his father suffered a spinal cord injury when he fell while doing his job. He needs to have medical care and surgery as soon as possible. So his son, Purevdorj, wants to take a loan to cover the cost of his father’s medical expenses.
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.