Ochirzaya is 23 years old. He lives with his mother in his mother’s old wooden house in the ger district, the area of the city with no running water, minimal roads and spotty electricity, in Ulaanbaatar, the capital of Mongolia.
He has been running a taxi business since 2008. His mother is a pensioner.
In July of 2012, he sold his old car and bought a new second-hand one that runs on gas. He loves the car. When he has spare time, he polishes his car.
A gas car uses less fuel than cars running on other fuel. On the other hand, gas cars are highly susceptible to cold and break down easily. So before the winter, Ochirzaya is requesting a 1,200,000 MNT loan to build a garage for his car in order to prolong the life of his car as long as possible.
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.