Mr. Namjildorj is 42 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on his relative’s plot of land. His wife stays at home to take care of their infant child.
Mr. Namjildorj has been rendering a taxi service since 2005. This business is the only income source for the whole family. His automobile has deteriorated over the years and needs some serious repairs, so he is requesting a loan of MNT1,500,000 to purchase spare parts and a motor.
As a result, he will again render taxi service to local people using his repaired automobile. Mr. Namjildorj is a very hardworking individual who strives for better future.
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.