Lkhamkhuu is 39 years old. She is a clothing seller and lives with her 3 daughters in a leased apartment in Darkhan. Darkhan is the second largest city in Mongolia. Her husband Battsengel has been working as a blacksmith in a steel mill in Korea in order to earn more money over the last 4 years.
Lkhamkhuu sells clothes at the bazaar and imports commodities from abroad. Since one of her daughters became a student she has begun facing difficulties running her business due to a lack of funds.
She is requesting a loan to raise her income by increasing her working capital to sell more clothes to her customers.
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.