Mr. Nergui, 59, lives with his wife and two stepchildren in Ulaanbaatar, capital city of Mongolia. His wife has retired from work and now gets a state pension. She also makes and sells clothes on order for vendors and some enterprises. Mr. Nergui's stepson works as a watchman and renders taxi service to local people on his day off. His stepdaughter works as a cook at a restaurant. Mr. Nergui himself has been providing taxi services to local people since 2008 and has accumulated a lot of experience. Before providing taxi services, he worked transporting goods between districts.
The automobile Mr. Nergui's stepson uses for taxi services has not been paid off. Mr. Nergui is requesting a loan of 1,200,000 MNT to pay the remaining automobile costs. When the last payment is posted to the automobile seller's account, the automobile will be Mr. Nergui's stepson's asset. Mr. Nergui is a very hardworking individual who, despite his age, is working hard to improve his family's standard of living.
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.