Enkhtuvshin C. is a 34 year old woman who lives with her son in Ulaanbaatar, the capital city of Mongolia. She lives in a ger, the Mongolian nomadic tent. Enkhtuvshin began her watch repair business in 2006 with her husband. She divorced from her husband and continued her business herself.
Now she has two sales areas; she operates her watch repair business and also sells cosmetics. After years of successful operations, she has managed to increase her working capital and living conditions. Enkhtuvshin is a modest, hard-working person and is very committed to improving the quality of her life. She is requesting a 1,000,000 tugrug 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.