Mrs. Uurintuya is 31 years old and lives with her husband and children in Ulaanbaatar, capital city of Mongolia. The family resides in their house on a plot of land.
She and her husband have been making and selling bread to local people since 2009 and have accumulated a vast amount of experience. The house they live in is used as a workshop for making and storing bread.
Her business is prospering and its working capital is increasing continuously. So, she is requesting a loan of 1,000,000 MNT to purchase building materials, such as cement, bricks and planks, in order to put an extension onto her house. After doing the extension, she can store bread in large quantities and sell it to local people without worrying about an inventory shortage.
The borrower is very a hardworking individual, who strives for a better future.
More information about this loan
This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.
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.