Mrs Bujin is 29 years old. Her family consists of six members: her husband, their two children, and her parents. They live in their wooden house in the ger district in Kherlen, the third largest city in Mongolia. It is an area of the city with no running water, minimal roads and spotty electricity. Her parents operate a small food shop. Bujin has worked as a taxi driver since 2011 and her husband also runs a taxi business. Her son attends secondary school and her daughter stays home with the grandmother. In 2004 they got married and built their current house and bought some home furniture. However, in that moment as a new couple expecting a baby, they had a problem with money. Bujin is now requesting a loan of 1.000.000 MNT to buy new home furniture. By doing this her children will live in a more comfortable environment.
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.