Mr. Byambatogtokh, 30 years old, lives with his wife and three children in Ulaanbaatar, capital city of Mongolia. He has been rendering taxi service to local people for four consecutive years and accumulated experiences such as where, how and when to pick up customers and how to drive them fast to their destination. Before his taxi service, he has been working as a cook at a restaurant. His wife prepares some food at home and sells it to vendors at an outdoor market. Their children all go to secondary school.
Mr. Byambatogtokh is requesting a loan of 1,500,000 MNT to purchase furnishings and appliances such as a television, fridge, television shelf and kitchen implements. These items will make the house a more comfortable place and he will work more enthusiastically, taking encouragement from his improved living conditions. 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.