Erdenedelger is 38 years old and lives with her husband and three children in Kherlen province, one of Mongolia's largest provinces. She and her family live in a caravan on their land. Her three children all attend a local secondary school. Erdenedelger operates a fruit and vegetable retail business. She purchases fruit and vegetables from the Narantuul and Bars markets, the two largest markets in Ulaanbaatar, and sells them to people for a profit. Her business is doing very well. Erdenedelger has good communication skills and her business is very important to her. She has many plans for the future, and says, “My aim is to create my own shop by working hard and stabilizing my current business.” She is applying for a loan for 900,000 MNT to buy fruit and vegetables at wholesales prices to resell to her many customers.
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.