Mrs. Bayarsaikhan, who is 45 years old, lives with her husband and younger daughter in Ulaanbaatar, the capital city of Mongolia. Her husband had a stroke and receives a disability pension from the state. Her daughter goes to a secondary high school.
Bayarsaikhan has been running her clothing-sales business since 2009. She is requesting a loan of 1,000,000 MNT to import clothes from China. As a result, she will be able to continue running her business without worrying about an inventory shortage. The borrower is a very hardworking individual who strives for a better future.
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.