Mrs. Otgonmaa is 27 years old and lives with her husband and 2 children in Ulaanbaatar, the capital city of Mongolia. Her husband works for the public service. They live in their own family house which they built two years ago.
Since 2008, Otgonmaa has been running a window guard manufacturing business. She uses her backyard as a workshop. Her main customers are house owners. She buys metal and iron materials from a wholesale place at the market and makes different metal guards for windows with different designs. Her products helps house owners to protect their homes from intruders.
The loan she is requesting will be used to buy different metal and iron materials to make metal guards for house windows.
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.