Purevsuren is a 29-year-old divorcee who lives with her only son in Darkhan, the second largest city of Mongolia. They live in a one-bedroom communal apartment house. Her son Undrakh studies in elementary school. Purevsuren works in a metallurgical factory as a line operator. Her parents help her to look after the child during her work hours. Her job is low paid and it's the only source of her family's livelihood.
Recently Purevsuren had a talk with her father and elder brother about the grain-growing business and they have decided to grow wheat to earn extra income by harvesting and selling the grain. The area around the Darkhan city is agriculturally dominated, growing wheat and other grain, and the soil is very fertile. The loan Purevsuren is asking will be used to cultivate the soil, to buy seed and sow it to grow wheat.
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.