Mrs. Suvd-Erdene is 29 years old and earns a living as a beautician. Her salon is in downtown Ulaanbaatar, the capital of Mongolia. She is single and lives with her son in an apartment that she rents. Her salon is only three months old but already has many permanent customers because she provides excellent service. She is applying for this loan to buy more equipment and perfume.
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.