Amarjargal, 49 years old, lives with his wife and daughter in a house on fenced land in Ulaanbaatar, capital city of Mongolia. His sons are married and live separately. He is a good driver and works at a private firm. During his day off, he also transports goods between districts. His daughter is soon going to study in China on scholarship but she can't afford to pay for accommodation, food and other things. So he is requesting a loan of 4,600,000 MNT to help his daughter. He thinks the best thing he can do for his daughter is to contribute to her study.
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.