Ganchimeg is 39 years old and lives with her husband and two children in Darkhan, the second largest city of Mongolia. Her husband has a position at a power and heat station. Her son and daughter both study at high school. She has been working as a dressmaker since 2000 and accumulated a vast amount of work experience making clothes. Now she wants to open her own workshop by renting a basement, purchasing equipment and making repairs. She is requesting a loan of 4000000 MNT to cover the costs associated with opening a dressmaking workshop. As a result, she can generate more income for her family and invest in her children's future education. The borrower is a very hardworking individual who deeply cares for her children and husband.
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.