Mrs. Enkhtuya, 48, is a clothing seller and lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. Her husband, Otgonbayar, was pensioned two years ago.
Enkhtuya sells clothes at the bazaar and brings in the clothing from abroad. Since her daughter became a student of college, she has started to face the difficulties of paying her daughter’s school fees and other expenses.
Therefore, she is requesting a loan to purchase a large numbers of casual clothes to increase her working capital and selling more clothes to her customers. It is beneficial to increase her earnings in the further.
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.