Mrs. Unurtsetseg, 31 years old, lives with her younger sister and mother in Ulaanbaatar, the capital city of Mongolia. She and her sister have been running a grocery store since 2010. Their mother had a stroke and so she needs constant care. Her sister is planning to study in Japan and recently received her university offer. Due to a lack of cash, her sister can't afford to pay the tuition fee. So the client is requesting a loan of 2,500,000 MNT to contribute to her sister's education costs. After her sister graduates and comes back to Mongolia, their life will certainly improve.
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.