Mr. Batbileg, 34 years old, lives alone in Ulaanbaatar, the capital city of Mongolia. He had worked in Korea on an employment contract for eight years in a furniture factory. He has accumulated a vast amount of experience in running a furniture factory during his time in Korea. Now he wants to run his own furniture factory in Mongolia using his experience from Korea. For this cause, he is requesting a loan of 4500000 Mongolian tugriks (MNT) to purchase equipment such as a paint gun, chain saw, nails and planks. As a result, he will successfully run his factory and can raise his living standard. The borrower is very hardworking individual who strives for a better future.
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.