Mr. Gantulga is 28 years old and lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. The family resides in a ger (a Mongolian traditional home) on his father-in-law’s plot of land. He has been working as a cook in a restaurant for a long time. Like her husband, his wife also works as a cook in another restaurant, but has now taken her maternity leave. Mr. Gantulga's two elder children both go to elementary school, while his youngest one, who is 1 year old, stays at home with his mother. The family wants to buy some necessary home appliances, so he is requesting a loan of 1,700,000 MNT to purchase a television, oven, and sofa. By doing so, the family can live in a comfortable place and work enthusiastically.
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.