Mr. Bat-Ireedui is 32 years old and lives with his parents in an apartment in Ulaanbaatar, the capital city of Mongolia. His father is a builder and his mother has a trading business. Since 2010, he has been running a taxi business in his own car. He is a very talented person. As a child, he started repairing cars. For this reason he wants to start a new business. He will buy old cars, repair them, and then sell them. He says his new business will be successful because he knows how to fix cars. "It’s my hobby." If his business is successful, his income will increase. He is requesting a loan for 3,500,000 MNT to start this car repair and sales business.
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.