Mr. Bat-Orshih, 37 years old, lives with his wife, two daughters and son in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi service to local people since 2009, and during the wintertime, he helps his wife in making leather gloves. They together sell their leather gloves to retailers in the market.
He is requesting a loan of 2,500,000 MNT (Mongolian tugriks) to buy leather in a large amount. As a result, he and his wife can continue to make and sell leather gloves to retailers at the market. This is the business that carries them through the winter.
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.