Bayarkhuu also operates a retail business and purchases a variety of furniture from Ereen (Erenhot), a Chinese border city, and resells it for a profit. Bayarkhuu and her husband have gained valuable experience in previous years and have a loyal customer base. She and her husband have been planning to expand their production line and increase their sales. She likes to say, “Nothing is impossible.” She is requesting a loan to purchase furniture from Ereen.
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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