Munkhtsetseg is a 51-year-old widow living with her daughter and son-in-law in Ulaanbaatar, the capital city of Mongolia. Her daughter and son-in-law are students in local universities. She owns a small piece of land with the family house in the suburb of the city. Her eldest son lives separately with his family.
In 1994, Munkhtsetseg started running a meat wholesale business together with her younger brother. They used to travel to countryside farms to buy meat and sell it in the city meat market. But since her brother passed away she was unable to travel to the countryside, and started a meat retail business.
Her future plan is to give a good education for her kids and be able to pay university fees until their graduation. From the previous loan she has taken from us she bought a big freezer to store her meat products. This time she is requesting a loan to buy a small family car which will be used to carry her meat products.
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.