Oyunchimeg is 41 years old and lives with her husband and his son in the ger district, an area of the city with no running water, minimal roads and erratic electricity in Ulaanbaatar, the capital city of Mongolia. She has worked as a vendor in the supermarket for the last six years.
Her husband, Ganzorig, aged 46, is not employed and is planning to start a taxi business to earn income for his family. So Oyunchimeg is requesting a loan to pay for her husband’s purchase of a second-hand car to use as a taxi. As she said, "it will be a big help to me if my husband could start his 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.