Mr. Batsaikhan, 28 years old, lives with his mother in Ulaanbaatar, the capital city of Mongolia. He has been selling mobile phone accessories to local people by renting a stall at a trade center for one year. Before this job, he used to render taxi services around the city. His mother has retired from work and gets a state pension.
Batsaikhan is requesting a loan of 1,000,000 MNT to purchase phone accessories in large quantity from China at lower prices so that he can continue to run his sales business without worrying about inventory shortages. Batsaikhan is a very hardworking individual who cares deeply for his mother.
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.