Mr. Natsagdorj, 25 years old, lives with his wife, son and father in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. He has been working at the police department for seven consecutive years, and he enjoys being a policeman despite the low earnings it provides.
He is requesting a loan of 3,500,000 MNT (Mongolian tugriks) to purchase an automobile that runs on natural gas. The natural gas car has advantages such as less fuel wastage and cleaner air pollutants. The automobile will be used for a taxi service as an additional income generator. During his day off, he wants to earn money by rendering taxi service to local people.
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.