Mrs. Byambaa, 56, runs a grocery store in with her daughter and son-in-law in Kherlen, an eastern boundary town in Mongolia. She has 10 children and all of them have moved out from their parent’s house.
Mrs. Byambaa has been running their store for 5 years and already has had many permanent customers. She sells the livestock meats to her customers mainly. In summer time, sales volume of her store is increased notably. Also, it depends on the satisfaction of her customers. This time she is requesting a loan to buy the meat in a large amount from the herders to increase her working capital. It is a very important thing to increase her profits and increase her sales volume.
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.