Batsuren is 36 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. They live together in a studio apartment which they bought under leasing contract. Her two sons, 2 and 16 years old, are attending local schools.
Batsuren has operated a spare parts retail business since 2004 by renting a stall at “Auto Plaza”, the biggest spare parts market in city. Her husband, Erkhembayar, works with her as a salesperson. She buys brand new spare parts from Beijing, the capital city of China, and sells them on a profit. She also sells secondhand spare parts, which she collects, fixes and replenishes. She has her own customers and her products are in good demand.
She is a very hardworking and energetic person. At this time she is working hard to be able to send her children all the way through college. She is requesting a loan to purchase more spare parts from Beijing.
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.