Mrs. Oyunkhand is 44 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been selling casual clothes to local people at a trade centre since 2008 and has accumulated a vast amount of experience. Her husband has been running a taxi service using his own car. Her elder daughter studies at university, while her younger daughter is currently studying at kindergarten and next year will enrol in elementary school. As her children are growing up, their needs are increasing so she and her husband have decided to launch a new business - purchasing livestock from the countryside and later selling it to local people. Thus, she is requesting a loan of 4200000 Mongolian tugriks (MNT) to buy cattle and sheep. If their first sale is successful, it will greatly improve their living standards. Mr Oyunkhand 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.