Enebish is 52 years old and single. He lives with his granddaughter in her parent’s apartment in Ulaanbaatar, the capital. His granddaughter, 22, is a student whose parents have been working in Korea as contract workers for 10 years. Enebish sells home furnishings and mathematics books that are used in schools with additional training. He was a professional mathematics teacher. Initially, Enebish started his business in the 1990s while the Socialist era was collapsing. It was a rough time. The government didn’t have a money to pay for social servants and reduced the number of employees like teachers, militants, doctors and nurses. Therefore, many people used to do businesses and Enebish is one of them. The loan Enebish is taking will be used to increase his business capital to purchase a large amount of books and furnishings from Russia. Now Enebish buys his products from an intermediary. As a Soviet student, Enebish speaks fluently in Russian, so he won't have any problems with his business trip to Russia.
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.