Tserendulam is 43 years old. She lives with her husband and 2 children in Ulaanbaatar, the capital city of Mongolia. Her husband Batbayar is a house interior decorator and works as a freelancer. Her family lives in an apartment which they bought using a mortgage.
Tserendulam rents a stall inside the food market where she sells meat products such as sausage. Her relatives run a small sausage workshop from which she buys sausages at wholesale and resells them at the food market. She is in this business for 10 years and has loyal customers.
She plans to use her loan to increase her stock and add some new meat products made of chicken and pork 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.