Mrs. Narantuya, 50 years old, lives with her husband and two sons in Ulaanbaatar, the capital city of Mongolia. Her husband has retired from work and gets a state pension. Her elder son currently stays at home and is unemployed and her younger son studies at the university. She has been selling various small sized items to local people since 2001 and accumulated a vast amount of experience in this business. Before this business, she had worked as doctor's assistant at a hospital for five years. She is requesting a loan of 3,000,000 MNT to purchase goods from China. As a result, she can continue to run her business without worrying about an inventory shortage. Because her goods are small and fast circulating items, there is no worry she can't sell all these items. The borrower is a very hardworking individual who wants to improve her life.
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.