Mrs. Zolzaya, 34 years old, lives with her daughter in Ulaanbaatar, capital city of Mongolia. Currently her daughter is studying in Germany on a summer course. She also used to study and live in Germany. She has been running a video gaming center for one year and her business is running well due to few competitors in the market. She is requesting a loan of 3,000,000 MNT to purchase a new version of Play Station in order to improve her business and get an edge in a competitive market. The borrower is a very hardworking individual who raised her daughter 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.