Mrs. Khandsuren is 39 years old and lives with her family in a rented house in Ulaanbaatar, the capital city of Mongolia. Mrs. Khandsuren has two children, a girl and a boy, aged 19 years old and 15 years old. During the day, Mrs. Khandsuren runs a clothes business at a local market called Narantuul. She purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. She started her business in 1999. Mrs. Khandsuren has good communication skills and her business is very important to her. She says, “I have been planning to build a warehouse for my business and my family in the future. In addition, I would like to provide a good education for my children." Her husband has a tailoring business in his home town. Mrs. Khandsuren’s husband sews jackets and short coats. She sells these products at the market in Narantuul. She is requesting a loan to purchase a large amount material to sew jackets and short coats.
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.