Batdulam is a 28 year old hard-working single woman who lives in her brother’s apartment in Darkhan, the second largest city in Mongolia. She runs a business selling brand cosmetics in a shopping center. Recently, she had a car accident and spent a lot of money on her medication. Her business was stopped for 5 months and it has not been working well since she came back from her accident. Batdulam is now planning to reconstruct and expand her business. She has had some experience with loans and knows how to use her loan and how to repay it efficiently. The loan Batdulam is taking will be dedicated to reorganizing and expanding her cosmetics business.
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.