Mr. Belegbaatar, who is 46 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has earned a living by transporting fuel between ports and cities for the last three years. His wife is a decorator who works on orders from clients and various entities. Their elder son studies at university and their second son just enrolled there. He is requesting a loan of 1,500,000 MNT to pay for his second son's tuition. Using his savings, he paid his eldest son's tuition and believes that investing in his children's education is the best thing he can do for them.
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.