Mrs. Gundegmaa. 42 years old, lives with her husband and three children in Erdenet, the third largest city of Mongolia. Her husband has been working as a teacher at an automobile driving school since 2009. Gundegmaa has been working as a weaver at a carpet factory for almost ten years. Her elder son is graduating from his university next year, and her daughter is beginning her university studies this September. Her youngest son goes to high school.
Because two children will be studying at university this year, affording tuition will be a problem for the family. So Gundegmaa is requesting a loan of 4,400,000 MNT to pay the tuition. She thinks university education will help her children in the future and open infinite opportunities to them.
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.