Mrs. Tserendolgor is 60 years old and lives with her husband in Kherlen, the easternmost town of Mongolia. She began running a detoxification center in April 2013. Her husband is a driver and salesman at a private business entity. All of their five children live separately from them. Her detoxification center is running well and in just four months, the number of customers has increased drastically. So, she is requesting a loan of 3,000,000 MNT to purchase additional equipment and detoxification products. The local people, especially women, are grateful to her because there are many unemployed youngsters who are addicted to alcohol. 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.