Narantuya is 38 years old and has worked as a taxi driver nonstop since 2005. Her husband is running a taxi business, too. Her family consists of six members: her husband and four children, They live in their small wooden house in the ger district, an area with no running water, minimal roads, and spotty electricity in Ulaanbaatar, the capital of Mongolia.
Every day Narantuya and her husband pay twenty dollars each for the car they are using. And three years later, they will get the cars. Before these, they got two cars from a taxi service company and sold them.
With the money, they bought a plot of land in the remote area of the city and built their house on it. In winter, her house loses its heat through the door and gets colder, so she needs to use a coal stove to stay warm. Coal burning is becoming the primary source of air pollution in Mongolia. So Narantuya is requesting MNT 2,000,000 loan to build a small barn where the house door meets the outside.
By doing this, her house can reduce the heat loss, and she will burn less coal, and her family will live in a comfortable condition.
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.