Mrs. Enkhtuya, 40 years old, lives with her two children in Ulaanbaatar, the capital city of Mongolia. She recently began to work as an operator at a private firm. Before this job, she had run a photographic studio between 2008 and 2010.
She is requesting a loan of 1,000,000 MNT (Mongolian tugriks) to buy a sofa. The sofa will make the house more comfortable and give her more enthusiasm to work harder. 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.