Otgonkhishig is 25 years old. She lives with her husband and 9-month-old daughter in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a traditional Mongolian nomadic tent, on her father’s plot of land. Her husband helps in her business.
Otgonkhishig used to be a salesperson in an outdoor market selling different type of sunglasses and gained much experience over the years. In 2006, she decided to run her own sunglasses retail business.
Otgonkhishig is a very helpful and hardworking person. She is planning to rent out a toy car at the children’s playground, charging 40 cents for 3 minutes. She is asking for a loan to buy a toy car from China to start this business and also to buy more sunglasses to sell.
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.