Tserendolgor, 24 years old, lives with her husband and 2-year-old daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in a five-walled Mongolian traditional ger (portable felt dwelling). She is a music teacher but currently is not working to look after her daughter. Her husband is currently unemployed. They decided to purchase an automobile to render taxi service to local people. She is requesting a loan of 1300000 MNT to cover the cost of buying an automobile. The borrower and her husband believe that getting the loan for purchasing a car will surely help improve their living standard.
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.