Sarantuya, 26 years old, lives with her husband and two-year-old child in Ulaanbaatar, capital city of Mongolia. Since 2007, she has been working as a seller in her brother’s counter. In 2010, Sarantuya purchased her own counter and began selling winter clothes and bags.
In summertime, Sarantuya's husband works in the construction sector and in winter he helps with her business. Also, her husband renders taxi services with his own car.
As winter comes to Mongolia, the demand for winter clothes is increasing greatly, so Sarantuya is requesting the loan of 3500000 MNT to supply these winter clothes and bags. As a result, the family can generate more income and it will contribute to the economic prosperity of the region.
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.