Mr. Ganzorig, 42 years old, lives with his wife and four children in Dornod, an eastern province of Mongolia. The family resides in a traditional Mongolian home, a ger. Their main source of income is from the sale of silk, silk-made products, and Mongolian boots. They purchase the materials from a neighboring city in China. Before China closes its border, he wants to buy materials. He is requesting a loan for 2,800,000 MNT. The loan will help his family to generate more income and will contribute to their economic prosperity. Ganzorig is a very hardworking individual. In the future he has a goal of building his own house.
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.