Mrs. Enkhtsetseg, 39 years old, lives with her husband and three children in Darkhan, second largest city of Mongolia. The family resides in a house on a plot of land. She and her elder son have been working as a janitor and a welder, respectively, at a cement factory since 2010. Her husband has the position of operator at a mining company.
She is requesting a loan of MNT 2,000,000 to pay her daughter's tuition fees, as her family currently has no cash available. Her daughter studies at one of the best high schools in Darkhan, and Enkhtsetseg thinks a good education is the lifelong investment she can afford for her 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.