Gantsetseg, 41, has sold baby clothes in the supermarket since 2008. She buys her goods from the Chinese border city. She lives with her husband and her 2 daughters in a ger, a Mongolian traditional nomadic yurt in Ulaanbaatar, the capital city of Mongolia. In summer time she has a big sales volume due to the increased demand for baby clothes. Most of her customers have a good opinion of her goods and their quality. Now she needs 2,300,000 MNT to buy baby clothes to increase her working capital for a bigger sales volume in the next coming months. In addition it is her second loan and she was able to repay her previous loan on time successfully.
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.