Tsetsegmaa is 45 years old and lives with her three children in Ulaanbataar, the capital city of Mongolia. They all live together in small wooden house on their plot of land.
Tsetsegmaa is left to raise her three children after her husband passed away in 2008. Her older daughter, Davaadulam, works at the state emergency department and her younger two sons are attending a university. Tsetsegmaa has operated a retail business for the last three years, selling pants and renting a stall at the Bumbugur market, the most crowded market in the city.
Normally she buys her products from Ereen, the border city of China. Tsetsegmaa is providing her two sons' tuition fees. Therefore, she is trying to save some money by increasing her business profit. She is also one of our reliable customers. This time she is applying for a loan for the second time and wants to use it to increase her working capital by buying more pants and jackets.
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.