Mrs. Batsaikhan, 46 years old, lives with her family in Ulaanbaatar, the capital city of Mongolia. The family resides in a house on their own land. Her two children both study at the university.
In 2002, she and her husband purchased a service pavilion, and until now they were renting this pavilion to other people. She also has a taxi service. The automobile used for the taxi service has deteriorated badly over the years, so she is requesting the loan of 1,550,000 MNT to repair her automobile. The repairs include full painting, a new pipe, and front side changing. By doing so, the repaired automobile can be used again for the taxi service and it will improve consumer satisfaction and in return increase the family’s income. In the near future, she has an objective of purchasing a new automobile and building a service object on her pavilion.
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.