Mrs. Munkhtuya, 25, sells diary products, such as cow's milk and yogurt in the market at Kherlen, a boundary town in western Mongolia.
She has been running her business for over five years. She lives with her husband and her son in the common, which is located in a suburban district.
She already has her own permanent customers and they say that they have no doubt in her sales, she always sells us the best diary products.
Munkhtuya is taking a loan to increase her working capital to expand the business. It is beneficial for her business future. The loan she is taking will be dedicated to the purchase of larger amounts of diary products.
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.