Mrs. Gandariya, 46 years old, lives with her daughter in Ulaanbaatar, the capital city of Mongolia. She has been selling children's clothes by renting a stall at a trade center since 2011. Her elder son studies at the university in China.
She has an idea of making and selling bed covers to local people. For this cause, she is requesting a loan of 4,000,000 MNT to purchase textiles and a sewing machine. If her new business succeeds, her family income will be increased and she can invest in her children's education. She is a very hardworking individual and it is not easy to raise two children alone.
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.