Mandakhbayar’s wife sells shoes which are purchased from Erlian, a border town in China. She rents a stall at an outside market and the rent costs much of her profit. Therefore, Mandakhbayar and his wife plan to rent another stall beside the current one in order to expand the business. This will support him in increasing his family's income and further improving their lives. Mandakhbayar is requesting a loan to cover the rental fee of another stall for his wife's new business.
About Credit MongolCredit 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.
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