Mr. Enkhjargal, 55 years old, lives with his wife in Kherlen, the easternmost town of Mongolia. He has been running an automobile repair shop since 2008. Before this business, from 1997 to 2007, he had been rendering taxi service to local people. His wife has a position of bookkeeper at the high school. Their four children all live independently.
He is requesting a loan of 4,000,000 MNT to purchase auto spare parts and other necessary equipment for the repair process. As a result, he can continue to run his automobile repair shop without worrying about inventory shortage. Enkhjargal is a very hardworking individual who wants to help all of his children.
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.