Uranchimeg, 52, is a hairdresser. She has been doing this business for 6 years and already has her own permanent customers.
She is divorced and now lives with her daughter /a student of University/ in Ulaanbaatar, the capital of Mongolia. Urancimeg wants to renovate her work tools such as her hair machine and other equipment for her barbershop because the tools have become old and have some damage to them. Therefore Uranchimeg is taking a loan to purchase the new hair equipment to renew her work tools.
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.