Mrs. Enkhtuya, 55 years old, lives with her husband and stepdaughter in Ulaanbaatar, the capital city of Mongolia. The family currently resides in an apartment because they are repairing and insulating their house in preparation for the next harsh winter.
Enkhtuya has been working as a cook at a restaurant since 2009. Her second husband is a machinist at a private business entity. Her ex-husband lives in the countryside and raises livestock while their son studies at a university.
Her son, who excels in academics, is participating in a cultural exchange (study-abroad) program in Germany. For this reason, he is in urgent need of money.
Enkhtuya is requesting a loan of 3,500,000 MNT to contribute to her son's education expenses, specifically to pay for his flight cost from Mongolia to Germany. Enkhtuya is very proud of her son and wants him to study well.
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.