Mrs. Oyunchimeg, 34 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on ring fenced land. She has been rendering taxi service to local people for three years and has accumulated a vast amount of experience providing this service. Her husband used to work at a construction site but now stays at home unemployed. She is requesting a loan of 2,400,000 MNT to purchase an automobile which runs on natural gas. The natural gas vehicle will be used by her husband to start a taxi service to generate income. As a result, she and her husband can generate more income for their children's education. Importantly, natural gas vehicles have cleaner emissions and waste less fuel. The borrower 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.