Mrs. Badamkhand is 27 years old and sells beautification commodities, such as bandeaus and earrings, etc. She has been in business since last year and has many repeat customers already. She lives with her husband and 2 daughters in a rented house in Ulaanbaatar, the capital city of Mongolia. Her business has been very successful, especially over the last several months, and she was able to buy a car with her earnings.
Now Badamkhand needs some money to purchase lots of beautification commodities from her suppliers before the holidays. There will be a lot of sales around the markets in Mongolia during Christmas days. This is a beneficial time to increase her income for the year. The loan she is taking will be dedicated to purchase a large number of commodities for increasing her sales.
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.