Oyunbaatar's wife recently started a new business, a textile shop, with her sister in the rental apartment. The preparation is going well, but some sewing tools and raw materials are still needed to get completely started. She needs exactly MNT 2,500,000 to purchase these items. Therefore Oyunbaatar is requesting a loan to support his wife by purchasing textile materials, a sewing machine and other tools to start her new business.
About Credit MongolCredit 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.
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Success!! The loan was 100% repaid