Gereltuya is a 40-year-old married mother of a 15-year-old son. She lives in her sister’s house with her son and cousin’s family. She is a pharmacist and loves her profession. Besides running a small pharmacy, she sells eyeglasses.
Gereltuya is a very responsible person and her dream is to have her own home. Her husband works in Korea and her son attends a high school. During the last few years, the pharmacy business has not been growing much in the Mongolian market. Therefore she is planning to improve her eyeglasses business. The loan Gereltuya is taking will be used to purchase more eyeglasses to increase her stock.
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.