Altansukh, 37 years old, lives with her two sons and mother in Ulaanbaatar, the capital of Mongolia. The family resides in their own house on a plot of land.
Five months ago, she began running a grocery store and in this short time, she has attracted quite a number of customers. A good location, her communication skills and being the sole seller of food stuffs in her area are the main reasons for her business profitability.
As her customers increase so does the demand for goods, so she is requesting a loan of 1,200,000 MNT to purchase food stuffs in large quantities. As a result, she can run her store without worrying about an inventory shortage. The borrower is a very hardworking individual who cares deeply about the wellbeing of her sons and mother.
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.