Mrs. Altangerel, 40, runs a retail stall by rent in the bazaar of Darkhan, the second largest city in Mongolia. Actually, she sells some kinds of clothes, such as underwear. She has been running her business since 2009.
Currently her business is being run successfully and already has had many customers, but the working capital size is not big enough for her planned sales volume. Therefore, she wants to increase the working capital of her business. The loan she is requesting will be used to purchase some clothes for her sales business.
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.