Mrs. Oyundari, 37, makes the Mongolian national furniture and appliances at home with her husband. As she said, it is a very fruitful business for her family. They started this business in 1995.
In the past, they had so many permanent customers and gained a lot of experience. She sells her manufactured furniture in the outdoor bazaar, and some of the furniture is made on requisition.
Now she needs some funding to supply the raw materials for making the furniture, such as the wood plates, balks (timber), etc. It is necessary to run their business nonstop and expand their sales volume. The loan she is requesting will be used to pay for the raw materials for wooden furniture manufacturing.
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.