Mrs. Solongo, 37 years old, lives with her husband and three children in Kherlen, a town in easternmost Mongolia.
She has been selling children's clothes to local people at the bazaar for five months. Before this business, she used to sell ice cream for a living.
Her husband runs a taxi service, and their two elder children go to high school.
She is requesting a loan of 2,000,000 MNT to buy children's clothes in a large amount for a children's holiday so that she can sell her goods without worrying about an inventory shortage.
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.