Mrs. Bulgan, 33 years old, lives with her husband and two daughters in Ulaanbaatar, the capital city of Mongolia. She has been running an automobile spare parts sales business since 2009 and has accumulated a vast amount of experience. Her husband drives a truck at a mining company. Her twelve and eight year old daughters both go to school. She is requesting a loan of 4150000 MNT to purchase spare parts such as bumpers, brake discs, air ducts and calipers. With this loan, she can continue to sell spare parts without worrying about inventory shortage. The borrower is a very hardworking individual who wants her daughters to get a good education.
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.