Tsogtsaikhan is 39 years old and lives with his wife and 3-year-old daughter in his own fenced house in Ulaanbaatar, the capital city of Mongolia. He has been working as an electrician for Mon-Ted LLC since 1997 and has been operating a chicken farm as well. His wife, Chantsal, is now unemployed and looks after her child.
Hereafter, he wants to expand his private farming business and built a new house in his fence. Therefore, the loan he is requesting will be used to repair his fencing, build a new barn and heating chimney, and buy a number of chickens. Otherwise, his loan will be dedicated to business enlargement.
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.