Mrs. Altantsetseg is 44, a seamstress, and lives only with her husband in Darkhan, the second largest city in Mongolia. Her husband is a driver and electrician. She has been running her clothes tailoring business since 1991 and she has been able to gain enough experience in this business.
At first, she started her business with only one sewing-machine. But now she owns a full workshop. She has a plan to expand her business. Recently, she needs more inventory of cloth materials because it is a busy season for her and she has a lot of orders.
Therefore she is taking out a loan to purchase cloth materials to increase her current business assets.
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.