Gansukh is 37 years old and lives with his wife and three children. Two of his children attend secondary school and the youngest is only two years old. Gansukh delivers construction materials with his truck. Unfortunately, his business is highly seasonal. During the winter, he sells coal and wood to earn more income. With his hard work, their living conditions have improved steadily. His wife used to work as a salesperson for her brother’s clothing stall, but now she wants to sell clothes on her own. She believes that it will help increase her family's earnings. Gansukh is requesting a loan for his wife to purchase clothing products from wholesalers to start her sales 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.