Ochirsuren, 46 years old, lives with his family in Ulaanbaatar, capital city of Mongolia. His elder daughter and son study at university, at third and first grade, respectively. His other two children are four and two years old and stay at home. His wife works as an accountant at an organization which protects residents' rights.
From 1988 to 1990, Ochirsuren worked as a service man. Two years later, he worked as a bus driver until 1996 and soon began his own transportation service.
The microvan Ochirsuren uses for transportation has deteriorated over the years, so he is in need of repairing it or purchasing a new one. Purchasing a new one is more beneficial since a repaired microvan has a high possibility of breaking down again. So, he is requesting a loan of MNT 4,000,000 to purchase a new microvan.
As a result, the family can generate more income, which will improve their living standard. Also, Ochirsuren can work enthusiastically, without worrying about his microvan's stable operation.
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.