Mrs. Oyun, 51 years old, is a businesswoman who lives with her husband, 52, and daughter, 14, in a "ger," a traditional tent in Darkhan, the second largest city in Mongolia. She has been running a small grocery kiosk in her backyard during the last two years. She wants to have a new bigger grocery store and expand their business through increasing her range of goods with many other products from abroad.
Therefore the loan Oyun is applying for will be used to buy building materials to build a new grocery store. She is very grateful to the Kiva team for supporting her.
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.