Bat-Erdene, 29, is a fruit seller in the food market which is located in the suburban district of Ulaanbaatar, the capital city of Mongolia. He sells several kinds of fruits such as apples, bananas, kiwis, and grapes. He occasionally supplies some restaurants around the city. His customers always say that Bat-Erdene always sells safe and delicious fruits and they are always happy to buy from him.
Bat-Erdene wants to increase his working capital in order to expand his business and raise his earnings. The Lunar Year is approaching, which is a traditional and respectful Mongolian celebration. The demand for groceries such as fruits will increase notably during these days. Therefore, he wants to prepare his groceries in advance of the celebration, which is a big opportunity for merchants. The loan he is taking will be dedicated to purchasing fruits in large amounts in order to increase his sales volume.
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.