Mr. Ganselem requested a loan to increase his business output. He is 40 years old, a shoe seller, and lives with his daughter and wife in Ulaanbaatar-the capital city of Mongolia.
For 11 years he has been running his business in persistent way and has gained much experience in this field. He is a very sensitive businessman and a new academic year is starting soon, which means there will be a lot of shoes necessary and a lot of purchases from his shoes kiosk.
He feels that if he can increase his business' current assets, likewise his income is going to increase slowly. Now he needs to buy a large number of shoes from his suppliers.
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.