Ulambayar is 40 years old and lives with his family in a ger (a traditional Mongolian yurt) in the boundary area of Ulaanbaatar, the capital of Mongolia. He has 3 children: a 21-year-old son who studies at a university, a 16-year-old younger son who studies at a secondary school, and a 5-year-old girl who goes to kindergarten.
Ulambayar has been managing a small internet cafe in his area with his wife since 2010. His internet cafe has 8 PCs. In winter, due to the cold, children spend their spare time participating in indoor activities--the internet/PC game cafe is one of the children’s favorite places to come. Ulambayar is planning to buy 4 new PCs to increase his business and family income.
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.