Mr. Batjargal, 38, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. Their children study at high school. Mr. Batjargal has been running a house wares business for eighteen years. He and his wife operate their business in shifts at an outdoor market. In 2011, due to an electrical hazard, their house burned down completely, and, in 2012, the family devoted their whole earnings to build a new house. Now the family lives in their new house and works enthusiastically.
Mr. Batjargal is requesting a loan of 2,500,000 MNT to purchase house wares in large quantity. This will help him and his wife to run their business without worrying about inventory shortage. Mr. Batjargal is a very hardworking individual whose goals for the near future include purchasing an automobile.
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.