Mrs. Enkhnasan, 47 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. Her son is a student, and in his free time he helps his parents by running an automobile repair shop.
Enkhnasan and her husband have been running their own automobile repair shop for thirteen years, generating their only income. Before doing this business, she had been renting a food stall to local people, and at the same time she had been peddling. Her husband was a driver at a private business entity before shifting into working in the automobile repair shop. Her husband mainly does mechanical operations, while she does easier jobs such as painting, cleaning and reviewing the automobiles.
She is requesting a loan of 1,500,000 MNT to complete their unfinished automobile repair shop by installing a door and a roof. As a result, the family can run two automobile repair shops simultaneously, thus increasing their work productivity and generating more income. Enkhnasan is a hardworking and polite individual whose great charisma and communication skills have attracted quite a number of customers to her business. She has already accumulated a vast amount of experience in this service field.
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.