Batchimeg is 41 years old. She lives with her husband and two children in Dornod, a province of Mongolia. They live in her father’s house. Dornod borders the Russian boundary, and Batchimeg makes sales of livestock meat between Russians and Mongolian customers. She and her husband drive around and buy meat from suppliers in the countryside for lower prices. She has been running this business for many years and they have a lot of loyal customers, which make the business mutually efficient.
A month ago she decided to start a new direction of her sales, selling things such as handmade leather shoes. She has made an order of Mongolian handmade leather shoes from suppliers in UlaanB., the capital city of Mongolia. She is going to sell them to Russian customers at a reasonable price. Since the winter is coming this kind of trading is gainful. She is requesting a loan to cover the fee of her order in advance. It is very important to expand and improve her 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.