Mr. Munkhbayar, 39 years old, lives with his wife, two daughters and father in law in Ulaanbaatar, capital city of Mongolia. He has been running a photography business since 2001, and accumulated vast amount of experience.
His wife is pregnant and currently staying at home. He is requesting a loan of 3,000,000 MNT to buy three printers necessary for the business at market low price. As a result, he will continue to shoot photos and print them without worrying about printer breakage.
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.