Erdenesuvd, 31 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been running a grocery store for eight months and before this, she worked as a sales representative at a private firm. Their elder son goes to high school while their younger son stays at his grandma's home.
Erdenesuvd is requesting a loan of 4,500,000 MNT to buy foodstuffs in large amounts as a reserve. As a result, she will be able to run her grocery store without worrying about inventory shortages. 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.