Mrs. Amardelger is a 39-year-old widow who lives with her two children in Ulaanbaatar, the capital city of Mongolia. Her son works as an interior decorator at a private business entity while her daughter studies at high school. She herself has been rendering taxi services to local people on contract with a taxi company.
She has purchased land which is 300 kilometers away from the city center and now one-third of the payment is remaining. She is requesting a loan of 1,000,000 MNT to pay the outstanding amount on the land. As a result, she can own land where she can build her own house, grow vegetables or rent at a higher price. The borrower is a very hardworking individual who is bearing the whole burden of her family's finances.
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.