Mrs. Gantumur is 50 years old and lives with her husband in Ulaanbaatar, the capital city of Mongolia. She works at a meat factory in the packaging department. Her husband works for a house decoration company as a plasterer. They have an only daughter who is married and runs a grocery shop.
Mrs. Gantumur helps in her daughter’s business by working in her grocery shop as a part-time salesperson thus earning some extra money. She is applying for a loan to increase her daughter’s working capital by buying more inventory and stock 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.