Mr. Damjin, 46 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has been transporting goods between cities since 2010. His wife runs a pharmacy and their eldest daughter works at a mining company. Their son goes to high school while the youngest daughter is educated at kindergarten.
He is requesting a loan of 5 000,000 MNT to buy spare parts for his truck- income generator. After repairing old parts of his truck, he will be ready for the work as lots of transportation requests come during this period of time. The borrower is a 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.