Mr. Enkhbold, 33 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land.
Enkhbold and his daughter have been rendering transportation services since 2005, and have accumulated a vast amount of experience. The minivan he uses for business has deteriorated over the years and needs some serious repair. So, Enkhbold is requesting a loan of 1,000,000 MNT to purchase spare parts, such as engine valves, fuel filter and coil wire. As a result, he can continue his transportation service without worrying about breakdowns.
Enkhbold 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.