Mrs. Bayarsaikhan, 46 years-old, sells livestock meat to her customers. She and her husband drive around and buy the meat from the suppliers in the countryside for a lower price. She has been doing this business for many years and they have a lot of loyal customers, which make the business mutually beneficial.
A month ago, she decided to increase her sales volume in order to make a bigger profit. Therefore, she has made an order of livestock from her suppliers. She is going to sell them to the customers in cities. Since the winter is coming, this kind of trading is profitable. She is requesting a loan to cover the expanses of her advance orders. This loan will be very important in order to expand her business.
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.