Mrs.Tsetsegmaa is 42 years old and lives with her husband and two daughters in Ulaanbaatar, the capital of Mongolia. Both of her daughters attend secondary school while she earns a living running a grocery. She has been in this business for nine years and her shop has grown in recent years. Tsetsegmaa spends most of her time selling items while her husband makes a living delivering food in a microbus. Tsetsegmaa started her store with a small investment and has been careful to continually expand and enhance her business. Local customers are satisfied with the variety of food she sells, and there are no other stores nearby. Earlier this year, she rented new space in a nearby shopping center and began selling clothing there. She is applying for this loan to buy more clothing to sell to her customers.
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.