Mr. Samdankhorol, 47 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. His wife teaches at a kindergarten and he himself has been providing taxi services since 2008. He has accumulated a vast amount of experience in taxi service in the past five years. His three sons all study at university. He is requesting a loan of 4000000 MNT to purchase an automobile which runs on natural gas. The automobile will be used by his eldest son for transportation and taxi service purposes. The borrower thinks that way his son can be independent and fend for himself. Also the borrower is a very hardworking individual who cares deeply about his sons’ education.
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.