Mrs. Enkhtuul, 39 years old, lives with her husband and son in Erdenet, the third largest city of Mongolia. The family resides in a house on a plot of land. Her husband is currently unemployed and seeking a job. Her son is in fifth grade at high school. She herself has been selling various goods to local people by renting a stall at an outdoor market since 2011.
She is requesting a loan of 3,500,000 MNT (Mongolian tugriks) to purchase goods such as sneakers, felt products and clothes from her suppliers in Ulaanbaatar. As a result, she can continue to run her business without worrying about inventory shortage. 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.