Uyanga E. is a 39-year-old woman. She lives in the town of Ulaanbaatar. She is married and does not have any children. To make a living, Uyanga owns and operates a jewelry business. Uyanga has been engaged in this business for over 3 years and earns approximately 3,150,000 Tugrug a month.
Uyanga joined Credit Mongol LLC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 1,700,000 Tugrug. This loan, her first from Credit Mongol LLC, will be used to purchase new items to expand her product offerings. Uyanga plans to use the additional revenue generated from the business to improve/expand her jewelry business.
About Credit Mongol:
Credit Mongol’s mission is to contribute to the prosperity of Mongols by providing diversified financial services to micro and SME clients and to become the best performing company in micro and SME financing in Mongolia.
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.