Sosorbaram, 33, lives with his wife and son in Ulaanbaatar, the capital of Mongolia. They reside in their own house on a plot of land. Sosorbaram’s wife works as an assistant teacher at a high school. His one-year-old son is cared for by his mother-in-law.
During the winter, Sosorbaram sells coal to local people. From March to November, he provides transportation services between Ulaanbaatar and various other provinces on contract with a heavy-weight goods delivery business.
He is requesting a loan of 2,500,000 Mongolian tugriks (MNT) to purchase another truck for transportation purposes. The price of this truck is 10,500,000 MNT. Over the past years, he has saved 8,000,000 MNT and he is in urgent need of finding the remaining cash.
The truck he hopes to purchase will be used by his father for freight purposes. As a result, the family will be able to generate more income and invest in their next generation’s education.
Sosorbaram is a very hardworking individual who strives for a 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.