Bolormaa is 43 years old and lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a rental house. Her 21-year-old son and 18-year-old daughter attend a university. Her younger daughter is 11 years old and attends a local secondary school. Currently, Bolormaa operates a women's clothing sales business. She operates a retail business. She purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. She started her business in 2003 with working capital of 600,000 tugrugs (~ 146 USD) and has expanded her business with a loyal customer base. Bolor is a very hardworking person and likes to say “Nothing is impossible”. Her dream is to purchase an apartment. She is requesting a loan to increase her working capital.
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.