Mr. Battur is 31 years old and lives with his wife and two children in Ulaanbaatar, capital city of Mongolia. He has been transporting goods between districts for two years. His wife is a cook and works at a hospital. Their son is a fifth grade student at high school and their daughter goes to kindergarten.
He is requesting a loan of 4,000,000 MNT to buy a plot of land and planks. Next year, he wants to plant vegetables on that land and as a protection against stray cattle, he wants to fence it using planks.
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.