Myadagbadam, 39, lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. She and her husband have been operating a block factory for five years, since they came to Ulaanbaatar from the countryside. They still raise livestock and sell diary products to local people. Her elder two children go to high school and the youngest son stays at home. She is requesting a loan of 4,300,000 MNT to purchase raw materials such as cement and pebbles in large quantities. Those materials will ensure her business's sustainable development. The borrower is a very hardworking individual who, together with her husband, came to Ulaanbaatar to improve he 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.