Mr. Munkhjargal, 51 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. All his children live on their own, separate from him.
Munkhjargal has been rendering taxi services to local people for nine years and has accumulated a vast amount of experience in this service. Before his taxi service, he had been working as a utilization manager at one of the state-funded commissions. His wife has retired from work and gets a state pension.
He is requesting a loan of 1,500,000 MNT to purchase spare parts, such as brake disks, air intake housing, fan blade, and airbag sensor. Using those materials, he can repair his automobile, which he uses for the taxi service, his only income source.
Munkhjargal is a very hardworking individual who strives for a better future.
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.