Nansalmaa is 44 years old and lives with her husband and two children in Ulaanbaatar, Mongolia. She and her family live together in a house, in a yard that belongs to her sister. Her husband, Bukhchuluun, is working as an engineer. She operates a trading business at Narantuul, the biggest outdoor market in Mongolia. Her children help her in the business. She has been operating her business since 1999, and has steadily expanded her business since then. She operates a retail business and purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. Her product selection is very good and she has a great business mind. Since she founded her business, her living conditions have improved. Nansalmaa has good communication skills and her business is very important to her. She says, “I have been planning to build a warehouse for my business and my family in the future". 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.