Mr. Baatar is 46-years-old and lives with his wife and three children in Ulaanbaatar, capital city of Mongolia. He has been rendering a taxi service to local people since 2011 and begins his service at 7 am and finishes at 9 pm. His wife is an officer of the state register authority. His eldest daughter studies at university while the youngest one goes to kindergarten. He is requesting a loan of 1,500,000 MNT to pay his daughter's tuition fees. He thinks investing in his daughter's education is the best thing he can do for her.
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.