Rentsendorj, aged 31, lives with his wife and two-year-old daughter in Ulaanbaatar, capital city of Mongolia. The family resides in a traditional Mongolian ger (a portable felt dwelling) on a plot of land. His wife stays at home looking after their daughter. Rentsendorj has been transporting goods between districts using his own truck and finds his clients at outdoor markets.
As one person's income can't provide for the needs of three people, he has decided to sell vegetables at markets after buying them from farmers in the countryside. Rentsendorj is therefore requesting a loan of 2,000,000 MNT to purchase large amounts of vegetables at a lower price. He is a very hard-working individual who is researching every way through which to generate income for his wife and little daughter.
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.