Tumurtogoo, 49 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. She has been teaching an elementary school class for more than five years. Her husband and son have been making and selling shoes to local people since 2011. The television her family watches has been damaged and malfunctions, so she is requesting a loan of 1,200,000 MNT to buy a new television. By doing so, her family will be able to get information and entertain themselves. During the past two months, her family has had no television and weren't updated on relocation rules of their street. The borrower is very a hardworking individual who wants to improve her family's living standard.
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.