Mrs. Ulziisaikhan, 46 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. She has been working as a hairdresser at a barbershop for five years. Her husband works at a power station and his main duty is to visit households and notch their electricity consumption in his book. She is requesting a loan of 1,000,000 MNT to install vacuum insulated windows into her house. The house has windows that are vulnerable to strong storms and frost. After installation of the vacuum windows, she can use her house as a barbershop and begin her own hairdressing service. This way, she can generate more income for her family and provide more opportunity for her son's education. 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.