Usukhjargal is self-employed and has 4 sewing machines. She sews and then sells summertime “deel” (traditional Mongolian clothing) and shirts and wintertime leather jackets. Usukhjargal is planning to use this loan to buy more cloth and textiles to produce more deels and traditional shirts in order to fulfill the increased demand for her products in the summer and to make more profit.
About Credit MongolCredit 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.
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