Mrs. Munguntsetseg, 38, runs a grocery store in Kherlen, a boundary town in Mongolia. She has been running her business for 4 years and already has had permanent clients. She lives with her husband and her children in a ger, a Mongolian traditional tent.
Her store business has been running successfully for several years and last summer she bought a car with her earnings. Now Munguntsetseg wants to expand her store sales volume to improve her business. The loan she is taking will be dedicated to purchasing the groceries for her store.
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.