Mrs. Buyankhishig is 39 years old and lives with her husband and four children in Ulaanbaatar, the capital city of Mongolia. Buyankhishig’s family used to live in Bayankhongor province which is 700 kms away from the capital city and in 1995 they moved to Ulaanbaatar in search of a better life.
Since 1995 Buyankhishig has been running a meat supply business using her old contacts. She travels to the countryside and buys meat from herders and transports it to the city and sells if to butchers. She has gained a lot of experience in the meat business and she has permanent suppliers and buyers.
Buyankhishig has managed to buy a plot of land and a 'ger', a traditional Mongolian nomadic tent to live in. Last year she bought a small truck to deliver her products. This time Buyankhishig is applying for a loan to buy more meat products from her suppliers to sell to butchers.
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.