Mrs. Nansalmaa, age 52, sells building materials in the market called Bumbat. She has been running her business for three years and is always trying to expand it. Nansalmaa is a very hardworking woman for her family and life. She lives with her daughter and husband in the slum district of Ulaanbaatar, the capital city of Mongolia. Already she has her own permanent customers and they are always satisfied with what they buy from her. Also she creates financial reports of her companies when she has days off. Now she needs some money to purchase a large number of building materials from her suppliers to increase her working capital. It is beneficial to her business activity and income.
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.