Mrs. Khenmedekh, 35, sells casual clothes in the bazaar. She has been selling them for two years, and before that, she used to sell cement in the construction materials market.
She lives with her husband and two children in the slum district of Ulaanbaatar, the capital city of Mongolia. During the winter, her sales volume always rises, and she needs to increase her commodities/working capital. Actually, winter coats are very salable goods, and she can sell them at a quite higher price. Now, she needs some money to purchase the winter coats and clothes in large numbers from her supplier to increase the working capital.
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.