Mr. Undrakh, 30 years old, lives with his mother, wife and daughter in Ulaanbaatar, the capital city of Mongolia. He began running an auto repair shop three months ago, and before this he rendered taxi service to local people. His wife has a position of manager at a private firm and his mother is a data entry worker at an intelligence authority in Mongolia.
He is requesting a loan of 3,000,000 MNT to pay his brother's tuition fees. His brother studies in Japan and needs to pay his tuition. He thinks investment in education is the best thing he can do for his younger brother.
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.