Khongorzul has operated a spare parts retail business since 2004. She buys brand new new spare parts from China and sells them in the local market. She also sells secondhand parts, which she buys, fixes and restores. Her business is doing very well because brand new car parts cars are very expensive. Khongorzul has her own customers and her products are in good demand. She has already taken out 3 loans from Credit Mongol and has used them appropriately. Knogorzul is requesting a loan to pay the customs duty on spare parts imported from China.
About Credit MongolCredit 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.
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