Mrs. Oyungerel, 46 years old, lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. She has been working as a conductor at a train station for 26 consecutive years and is considered by many to be the best staff in her specialty. Her husband has been selling and transporting coal and timber at an outdoor market. Her daughter studies accountancy at college and will graduate this summer. Her son lives separately from his parents on his own. She is requesting a loan of 1,000,000 MNT to pay for her daughter's college tuition fee. As a result, her daughter can graduate this summer with a diploma in accountancy and will be able to look for jobs. The borrower is a very hardworking individual who greatly cares for her family.
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.