Mrs. Altanzul, 25 years old, lives with her parents and daughter in Ulaanbaatar, the capital city of Mongolia. She has been selling jewelry to local people by renting a stall at a trade center since 2003. Her parents both work in the radio and television industry. She divorced her husband.
She is requesting a loan of 4,000,000 MNT to buy a variety of jewelry from a China border town at wholesale price. By doing so, she will continue to sell jewelry without worrying about inventory. Customer satisfaction will increase as well, due to the large variety of jewelry products.
The borrower is a very hardworking individual who cares deeply for her daughter.
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.