Mrs. Uranchimeg, 44 years old, lives with her daughter in Darkhan, second largest city of Mongolia. They live in a small room originally designed for a public water closet. Her son studies at university in Ulaanbaatar, capital city of Mongolia. She is a street vendor who sells small items such as ice creams, juices and candies. Her daughter is currently unemployed and stays at home.
Mrs. Uranchimeg is requesting a loan of 3,000,000 MNT to pay her son's tuition fees and dormitory cost. She wants her son to study well and secure a good paying job after graduation. The borrower is very hardworking individual who deeply cares for her children and is eager to invest in their education.
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.