Enkhtsetseg, 24, sells shoes in the market in Darkhan, the second largest city in Mongolia. She has been in business for less than a year and already has permanent customers.
She lives with her husband and two children in a rental house, since they are married.
Her business earnings do not meet the family's financial needs. Therefore she decided to expand her sales volume to increase her earnings.
The loan she is taking out will be dedicated to purchasing a large numbers of shoes from her supplier.
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.