Mrs. Enkhtsetseg, 24, sells shoes in the market in Darkhan, the second-largest city in Mongolia. She has been running her business for half a year and already has some permanent customers. She has lived with her husband and her two children in a rental house since she got married. Her business earnings do not always meet the needs of her family; therefore, she decided to expand her sales volume to increase earnings. It is very important for a new family such as hers. The loan she is taking out will be dedicated to purchasing large numbers of shoes from her supplier, to increase her commodities.
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.