Mrs. Erdenetseteg, 47 years old, is the head of her household and lives with her four children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on plot of land. Her three sons work at private business entities and her youngest child studies at college.
From 1985 to 1998, she worked as a signalman at a train station. After this work, she did clerk work at a private business entity for five consecutive years. Since 2006, she has been working at the service department of the British embassy in Mongolia.
The land where they reside has not been fenced and random domestic animals are appearing and disturbing the comfort of her family, so she is requesting a loan of 2800000 MNT to purchase planks to fence her land. The fences would serve as a protection against free outside access.
The borrower is a very hardworking individual who raised four children on her own - a very difficult task.
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.