Mrs. Byambachimeg, 32 years old, lives with her husband and two children in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land. She has been selling computers and their spare parts to local people, renting stall at a trade center for a long time. Her husband has been rendering taxi service to local people using his own automobile.
Mrs. Byambachimeg is requesting a loan of 2,500,000 MNT to purchase spare parts from China in large volume, so that she can continue to run her sales business without worrying about inventory shortages, and generate more income for her family. 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.