Mrs. Bolortsetseg, 33-years-old, lives with her husband and three-year-old son in Erdenet, the third largest city of Mongolia. The family resides in their own house on a plot of land. Her husband has been working at a supply department of a carpet factory. Her son goes to kindergarten. She herself has been working as a seller for someone's stall until 2008. In 2008, she began renting a stall at a trade center and selling food stuffs to local people. She is requesting a loan of 1,500,000 MNT to purchase food stuffs in large quantity. As a result, she can continue to run her business without worrying about inventory shortage. 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.