Mr. Iderbaatar is a 34-year-old man who lives with his wife and three children in Darkhan, which is the second largest city of Mongolia. The family resides in a house on fenced land. He has been working as a welder at a steel mill for thirteen years since his university graduation.
He is requesting a loan of 2,000,000 MNT to purchase barbecue accessories and cooking equipment in order to make and sell barbecue during national holidays. By doing so, he can generate more income for his family and invest in his children's education. The borrower is a very hardworking individual who wants his children to be well educated.
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.