Shirzana, age 37, is a nurse. She lives with her husband and three children in Darkhan, the second-largest city in Mongolia. She has been working as a nurse for 14 years nonstop. Her husband, Sukhbaatar, age 39, transports passengers in his minivan. Shirzana says her husband’s income is currently her family's main income source because a nurse's salary is not enough for a family's necessities in Mongolia. Now she needs a loan to repair her husband’s minivan because it is damaged. She and her husband believe that his vehicle will work well and increase his earnings after the repair because customers enjoy being served by good and safe vehicles.
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.