Mrs. Boditsetseg, 24 years old, lives with her husband in Ulaanbaatar, the capital city of Mongolia. Last year the couple purchased a traditional Mongolian ger (portable felt dwelling), and now they are living in it. She rents a stall where she has sold juices and vegetables to local people since 2011. Before owning her business, she was working as a saleswoman at a vegetable sales stall. Since 2011, the price of vegetables and fruits reached its maximum level, and the demand for those products increased drastically. So she is applying for a loan of 2,000,000 MNT to buy vegetables and fruits in large volume from China. As a result, she can continue to sell vegetables and fruits without worrying about inventory shortages. The borrower is a very hard-working 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.