Erdenechimeg, 49 years old, lives with her two sons, daughter-in-law, and mother in Ulaanbaatar, the capital city of Mongolia. Her elder son has a disability and gets pension from the state. Her younger son began working as a manager in October, 2012. She herself has been working as a cook since 2011 at a private business entity. The family resides in their own house on plot of land. The house they live in has deteriorated over the years and needs some serious repair. Also her automobile's spare parts are in need of updating because she used her automobile for long time without maintenance. So she is requesting a loan of 2500000 MNT to cover the costs of repair of her house and automobile by purchasing spare parts and construction materials. As a result, the family can live in a comfortable and warm place, and she can use her automobile for transportation purposes. The borrower is a very hardworking individual who cares greatly for her children.
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.