Mrs. Oyunchimeg, 52, sells car spare parts and runs an auto service that is called “Auto Standard” with her two sons. They live together in their own house in Ulaanbaatar, the capital city of Mongolia. She is a divorcee and a hardworking woman who has been successfully running her business for the last two years.
Now she is planning to expand her business by buying some car spare parts and accessories from abroad, especially China. Therefore, Oyunchimeg is requesting the loan to purchase some car spare parts from China.
“I want to grow up my business, and I want to give some properties to my sons when they marry. That is my wish in the near future. And I really appreciate the Kiva team and lenders! Thank you all,” she said.
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.