Mrs. Undrakh, 31 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in a traditional Mongolian ger (a portable felt dwelling) on a plot of land.
She has been running garment workshop for 6 years. Her husband began working at business as a full-time employee in June, 2012. Before her husband started working at the business, they both worked at their own garment workshop. But during a work overload period, her husband helps her to operate her garment business.
She is requesting a loan of 1,500,000 Tugriks (MNT) to purchase textiles and other materials in large quantity. As a result, she can operate her garment workshop without worrying about an inventory shortage. At this time of year, usually orders of products are at their maximum level and textile and other materials are used greatly.
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.