Mr. Boldbaatar, 45 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. He has been selling and installing cable receivers for 15 years and has accumulated a vast amount of experience in this business. His main customers are in the countryside, and with each passing day, the number of clients is increasing. So he is requesting a loan of 4,000,000 MNT to purchase cable receivers in a large quantity. As a result, he can continue to render his cable television installment service without worrying about an inventory shortage. The borrower is a hardworking person who wants his children to get an exceptional 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.