Tserendejid, 56 years old, lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. She has been selling clothes by renting a stall at the trade center since the end of 2013. Before this business, she worked in Korea for twelve years and specialized in tailoring. She is requesting a loan of 3,000 USD to buy a sewing machine and textiles. This will significantly improve their living standard and allow her to afford managing her daughter's illness. The borrower is a very hardworking individual who cares her family deeply.
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.