Mrs. Tuya, 28 years old, lives with her husband and two-year-old daughter in Ulaanbaatar, the capital city of Mongolia. She has been making and selling clothes in her workshop for a long time and has accumulated a vast amount of experience. Her husband has a position as decorator at a building company. She is requesting a loan of 600000 MNT to purchase silk, cotton and textiles so that she can continue to make and sell her clothes without worrying about a shortage of raw materials. Income from clothes sales is major source of income for the 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.