Oyunchimeg is a 53-year-old, single mother who lives with her daughter in small wooden house in Ulaanbaatar, the capital city of Mongolia.
She has been operating a used clothes retail business since 2008 with her daughter. Her store is located next to her home. After succeeding to achieve stable operations, she used her earnings to purchase construction materials to fix her house.
This is her sixth Kiva loan through Credit Mongol. She is planning to build a bigger grocery store in her yard. She has good communication skills and her business is very important to her. She is requesting loan to purchase some more clothes and 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.