Mrs. Munkhtsetseg, 44, works as a butcher in the food market in Ulaanbaatar, the capital city of Mongolia. She has been selling meat since 2008 and already has her own permanent customers. Her main stock is beef, and she takes it from her permanent suppliers in countryside.
Now she needs to increase her sock before this Lunar New Year day, the respectful Mongolian traditional holiday. Because the price of lamb increases during this holiday and sales volume is increased largely for weeks, she is taking a loan to purchase a large amount of beef from her supplier to increase her working capital.
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.