Mr. Batkhuyag, 35 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. Recently, his wife gave birth to their third son. She has taken her maternity leave and is staying at home. He has been transporting goods within municipality for two years. He transports coals, vegetables and building materials in winter, autumn, spring and summer time. Before this transportation service, he had been rendering taxi services for six consecutive years. He is requesting a loan of 1000000 MNT to purchase a sofa and a computer for personal use. In the last three years, his family hasn't purchased any significant home appliances, so this year they have decided to purchase a sofa and a personal computer. The personal computer will be used by his children as a educational tool. The borrower 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.