Erdenetsetseg is a 39-year-old widow who lives with her two children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a ger, the traditional Mongolian nomadic tent. Her oldest son, Erdenebileg, is 19 years old and he attends university. Her daughter, Undarmaa, is 11 years old and attends a local secondary school.
She operates a coal and firewood trading business. Erdenetsetseg started her businesses in 2000 and made quick progress. Erdenetsetseg is a very hard-working person. However, in 2002, her husband passed away and she was left to raise her two children. At that time, it was hard for her to continue her work, but she has since worked diligently to grow her businesses to their current successful position. She is requesting a loan to purchase construction material to build house.
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.