Mrs. Yanjinlkham, 39 years old, lives with her husband and daughter in Darkhan, the second largest city of Mongolia. She and her husband have been running a tailoring shop for eight years and take orders from retailers. Their daughter goes to high school.
The workshop where they work has been deteriorating and some of the sewing machines are broken, so Yanjinlkham is requesting a loan of 1,200,000 MNT to purchase building materials and sewing machine spare parts. Using those building materials, her husband will renovate their workshop and repair their sewing machines with the spare parts. It will result in work efficiency and increase their income.
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.