Erdenesuvd is 20 years old. She lives in “Marshall town” in a one-bedroom apartment with her mother and younger daughter in Ulaanbaatar, the capital of Mongolia. Her mother works at Mongol Alt LLC and her younger sister attends a local secondary school.
For a living, she owns and operates a jewelry business. At the same time, she has been studying at the University of Science and Technology since 2009. With the earnings, she has been paying her tuition fee. She recently passed a driving test and obtained her driving license. She is requesting a loan for 1,200,000 MNT to increase her business.
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.