Mrs. Badamgarav, 48 years old, lives with her husband and son in Ulaanbaatar, capital city of Mongolia. She has been selling materials used for making dresses such as thread, cotton and needles to local people since 2001. Her husband renders taxi service to local people. Their son has a disability and stays at home. Their daughter studies in Korea to further her education. She is requesting a loan of 3,500,000 MNT to pay her daughter's tuition fee. She thinks the best thing she can do for her daughter is to invest in her education.
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.