Mrs. Odmaa is 27 years old, married, and has one daughter who is 5 years old. Her husband, Turkhuu, who is 30, works as a taxi driver. They do not have their own land and house to live in and are staying in Turkhuu’s grandmother’s house at the moment.
She has been running a retail shoe business since 2007 and it has been doing very well since then. She buys shoes from wholesalers who bring them from China and sells them at her stall in the local market in Ulaanbaatar city.
She is a very hardworking person. Her future plan is to expand her business and to buy a family house. The loan she is requesting will be used to increase her inventory and to buy warm winter shoes for resale.
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.