Mr. Gantumur, 40, is a taxi driver who lives with his wife and sons in Kherlen, a border town of Mongolia.
He has been running a taxi business since 2001. Now it is a main source of income for his family. He needs to replace some parts of his taxi car because it has been becoming bad and dangerous to use. Gantumur is taking a loan to purchase some spare parts for his car in order to continue his business successfully.
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.