Uranchimeg, 22 years old, lives with her father and brother in Ulaanbaatar, the capital city of Mongolia. She has been running a jewelry shop since 2010 and she usually obtains her goods from Thailand quarterly. Her father transports goods between provinces for a living. Her brother has the position of manager at an airline company. Her mother lives separately in the countryside.
Uranchimeg is requesting a loan of 5,000,000 MNT to travel to Thailand and bring back a large amount of jewelry before Christmas. During the five days before Christmas, the demand for jewelry increases greatly so she shouldn't have a shortage of jewelry. 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.