Mr. Enkhbat, 28 years old, lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. He has been working as an inspector at the state inspection authority since 2008.
His wife is unemployed and stays at home looking after their children. This year their elder son is beginning his study at high school. He is requesting a loan of 4,000,000 MNT to pay for his son's high school tuition fees.
He thinks investing in education is the best thing he can do for his children. The borrower is very hardworking individual who strives for a better future.
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.