Update on ErdenebatMr. Erdenebat, 41 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has been running a grocery store for seven years and his wife works as a cashier.
Using his previous loan he started a new business of smokeless fuel sales in order to reduce air pollution in Ulaanbaatar.
He is now requesting a loan of 4500000 MNT to buy a large amount of foodstuffs at wholesale prices. By doing so, he will continue to run his grocery store without worrying about inventory shortage.
Previous Loan DetailsErdenebat is 39 years old, married, father of three children. They live in his brother’s house. He has been running a grocery store for over five years. His wife works as a cashier at the store. Besides his store business, Erdenebat wants to start a new business of smokeless fuel sales (the Mongo... More from Erdenebat's previous loan »
About Credit MongolCredit 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.
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