Bayarmaa is 37 years old lives with her husband and a daughter in Darkhan city, Mongolia. They live in small house on their plot of land. Her daughter is 5 years old and attends a local kindergarten. Her husband works at “Erel Tsement” LLC as a plumber.
In 2009 Bayarmaa decided to rent a place and open a small grocery shop. Since then, she has been running her business quite successfully. So, she decided to build her own small shop and, at same time, to increase her working capital and profit. Sometimes she stays at her store overnight to protect her store from theft. She is planning to expand her business by selling vodka and beer at her store. The building work is 75 % complete. The reason she is requesting a loan is to complete the building project.
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.