Mr. Batsaikhan, 45 years old, lives with his wife and three daughters in Ulaanbaatar, the capital city of Mongolia. The family is currently residing in his brother's apartment temporarily because he hasn't finished his house renovation. He has been leading construction teams to perform various building work on contract with building companies or individuals since 2006, has accumulated a vast amount of experience in executing his work and is considered to be the best by his clients. Before this job, he had been rendering taxi services to the local people using his automobile for some time. He is requesting a loan of 3,500,000 MNT to launch a block making factory. He will use this money for the necessary equipment and land. It is expected that he will generate more income from this factory and improve his family's living standard. The borrower is a very hardworking individual who works day and night as well as a caring father and husband for his daughters and wife, respectively.
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.