Myanganai is 51 years old and lives with family in Ulaanbaatar, the capital city of Mongolia. He is a skilled crane operator who has been working for over 16 years. His wife was a laboratory technician at the public health authority before she retired. Their older son lost his ability to work from an accident and their younger son is a student. Myanganai owns an old Russian mobile-crane and is requesting a loan of 4,000,000 MNT (Mongolian tugrigs) to buy some parts like a petrol pump, pump-barrel, and some other parts and do line maintenance on his mobile-crane.
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.