Mr. Orkhon, 34 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. His thirteen-year-old son goes to school. The family resides in their own house on a plot of land.
Orkhon has been making and selling lattice walls to a Mongolian traditional ger (portable felt dwelling) manufacturing company because lattice walls are essential components for making ger. Lots of people living in urban areas are moving to Ulaanbaatar, which increased demand for the Mongolian traditional ger.
So, Orkhon is requesting a loan of 4,000,000 MNT to purchase timber in large quantity. Doing so will enable him to produce lattice walls continuously without worrying about inventory shortage.
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.