Mr. Battur, 25 years old, lives with his wife and two daughters in a Mongolian traditional ger (portable felt dwelling) on plot of land in Ulaanbaatar, the capital city of Mongolia.
He has been making and selling yogurt to local people since 2011 with his parents. Now he wants to open his own yogurt factory, as he knows everything relating to the yogurt business.
He is requesting a loan of 4,000,000 MNT to buy yogurt packaging equipment as well as raw materials such as milk, fruit, and sugar.
Running his own yogurt factory sure will help his family, as his two daughters are growing bigger each passing day. The borrower is a 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.