Mr. Baasansuren, age 39, lives with his family in Ulaanbaatar, the capital city of Mongolia. He worked as a contract worker in Korea from 2007 to 2010. In 2012, he began selling clothes.
He is requesting a loan of 4,000,000 MNT to buy clothes and furniture. In doing so, his business will expand and he will generate more income. This will enable him to invest in his son’s future education.
In the future, Mr. Baasansuren would like to increase his customer base.
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.