Mrs. Davaasuren C. is a 51 year-old widow. She has 2 children who are married and live with their families. Her husband passed away last year from cancer. Davaasuren lives on her own in her house in Darkhan, the second largest city of Mongolia. She works in “Solongo”, a small food factory, as a manager. The factory makes different types of jams and purees from fruits.
Each year she does some renovations to her house. Last year she managed to replace all the windows of the house. Now she is planning to do some renovations to the interior of the house. The loan will be used to replace ceiling and wall papers and to do some interior renovation to the house.
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.