Mrs. Ganzul is 29 years old and lives with her family in Kherlen, a boundary town in Mongolia. She operates a meat stall in the market. Since 2007, she has been running her business. Initially she started with just one stall. Now she owns three stalls. She has many regular customers.
Ganzul always tries to expand her business day by day. She has a plan to have a big butcher shop in Ulaanbaatar, the capital city of Mongolia. Therefore she decided to increase her working capital. The loan she is taking will be used to purchase a large amount of livestock meat from her suppliers at a low price.
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.