Oyun and her husband buy materials such as plywood, HDF board, glue and fabric from local wholesalers and make different household furniture for apartments and gers (a traditional Mongolian nomadic tent). They sell them at Narantuul and Denjiin myanga, the two biggest outdoor markets in Ulaanbaatar.
Since Oyun and her husband started their business, they managed to buy a family house with a plot of land. Currently they are doing some renovation to the house. The loan they are requesting will be used to renovate the house and to increase their working capital and inventory.
About Credit MongolCredit 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.
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