Mrs. Sarantuya, 41 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. Her husband has the position of supply manager for a private company. Her daughter studies at university and her son goes to high school.
Mrs. Sarantuya has been running a grocery store for three years, and, during that time, she has accumulated a vast amount of experience in the sales field. Recently, due to lack of cash, her business profit decreased, as her goods reserve declined drastically. She is requesting a loan of 4,000,000 tugriks to purchase foodstuffs in large quantity. As a result, she can continue to sell foodstuffs without worrying about an inventory shortage. This 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.