Mrs Ankhzaya is 25 years old. She lives with her husband and 3-year-old daughter in a traditional Mongolian nomadic tent in the Mongolian capital city Ulaanbaatar. Until 2008, Ankhzaya worked in a printing factory. Then she decided to open her own printing company. The company does all kinds of printing such as name cards, invitations, and certificates, as well as printing on items such as frames or cups. She is requesting this loan because she wants to increase her profit. She wants to buy a new printer and some printing materials such as color cartridges, different quality papers, frames, and glasses. Ankhzaya’s goal is to build her own house.
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.