Mr. Jargalsaikhan, 47 years old, lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. The family resides in house on plot of land. He has been making and selling wooden products to local people since 2003. His elder three children all got married and live on their own. He is requesting a loan of 4200000 MNT to purchase planks and other raw materials in large amount. This business is the main income source for the family and he is searching for ways to increase work efficiency.
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.