Mrs. Yanjmaa, 56, runs a grocery store in the ger district. A ger is a traditional nomadic Mongolian tent. She lives with her niece in a ger. Her store opened in the autumn of 2010. Her business has been running successfully and already has some permanent customers.
Now she needs to make some renovation to her store in order to improve her business in the future. She needs new bulks, commodities and a freezer to keep these commodities.
The loan she is taking will be used to cover the cost of new furniture and a freezer for her grocery store.
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.