Narantsetseg is 39 years old. She is a widow who lives with son in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a rental house. Her son, Orgil, is 16 years old and he attends the local secondary school. She operates her underwear sales business at Sunday Plaza. Narantsetseg started her business in 2009 and made quick progress. Narantsetseg is a very hardworking person. However, in 2006, her husband passed away and she was left to raise her son. At that time, it was hard for her to continue her work, but she has since worked diligently to grow her business to its current successful position. She said, “As a mother, I would like to be financially available to provide a good education and other necessary expenses for my son until he grow up and also I would like to expand my business and to purchase my own apartment for my family in the future." She is requesting a loan to increase her working capital.
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.