Mrs. Munkhtsetseg, 26 years old, lives with her two brothers, mother and daughter in a Mongolian traditional ger (portable felt dwelling) on fenced land in Ulaanbaatar, the capital city of Mongolia. She has been working as an interior decorator for one and half years. Her mother stays at home, looking after Mrs. Munkhtsetseg's daughter. Her younger brother studies at university towards an engineering degree.
Mrs. Munkhtsetseg is requesting a loan of 2,000,000 MNT to pay her brother's tuition fees. After graduation, her brother can secure a job and contribute to the family's income. Investing in education is the best thing she can do for her brother.
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.