Ivan is 45 years old and lives with his wife, son and daughter in Ulaanbaatar, the capital city of Mongolia. He has been working as a sentry at an auto transportation center for one year. His wife is a janitor and works at a private firm. Ivan's daughter graduated from her high school this summer and has begun her study at university. His son is a ninth grade student in high school.
Ivan is requesting a loan of 1,500,000 MNT to pay for his daughter's tuition fee. He thinks investing in his daughter's education is the best thing he can do for her.
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.