Ochirbat is 31 years old, married, and has two children. They live in Ulaanbaatar, the capital city of Mongolia.. He is a taxi driver who tries to work hard. He started his business in 2007 and has been able to buy a small plot of land in his living district with his earnings. His taxi business is the main source of income for his family.
Orchirbat's car is very old and dangerous to use. Therefore, he is requesting a loan to purchase spare parts to renovate his taxi.
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.