Mr. Enkhee, who is 53 years old, lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. He has been working as a driller at a mining company for four years. His wife began rendering taxi service to local people in 2010.
Their son studies at a university for a geology degree, while their five-year-old daughter is still at home.
Enkhee is requesting a loan of MNT 1,600,000 MNT to pay his son's tuition fee. The borrower thinks the best thing he can do for his children is to invest in their education.
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.