Mrs. Nansalmaa is a 36-year-old widow who lives with her two sons in a ger, a traditional Mongolian nomadic tent, in Ulaanbaatar, the capital city of Mongolia. Her two boys attend a secondary school. Since 2003, Mrs. Nansalmaa has been running a sports shoes retail business. She rents a stall on Narantuul, the biggest outdoor market in Ulaanbaatar city. Every month she travels to China to buy her products for sale. She is a hardworking woman who is left to raise her two children on her own. Her dream is to raise her kids healthy and to have a proper family house in the future. Now spring time is approaching and therefore she is planning to increase her income by extending her stall and inventory by buying more sport shoes.
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.