Mrs. Gerelmaa, 45, lives with her husband, 43, in Darkhan, the second largest city in Mongolia. Her husband, Mr.Khureltulga, has run a transportation business since 2001 and since 2009 she supports him in his business as a conductor. They have both gained a lot of experience in this business field but couldn't save very much.
The couple owns an old house and wooden fence on a small piece of land. Recently, it has become too bad and uncomfortable to live in, as for a long time, they could not make any repairs or adjustments. Therefore, Gerelmaa is taking a loan to make repairs to her house and fence.
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.