Gantuya, 47, lives with her husband and her daughter, who is a student at medical college. Her husband, Tsolmonbaatar, runs a taxi around the city and customers pay him 700 MNT per kilometer.
Gantuya sells religious articles in the outdoor market in Darkhan, the second largest city in Mongolia. She has been operating her business since 2010.
She owns a stall in the bazaar and usually sells Buddhist religious articles to her customers. This summer she had a big sale and now she needs to increase her stocks.
She has a plan to expand her business into a small religious shop within next few years. The loan she is taking will be dedicated to buying religious things from her supplier to increase her business stocks.
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.