Mrs. Vandadsuren, 38, sells women's casual clothes in the shopping mall. She has been running her business since 2007 with one rental stall, and it is the main source of income for her family. Vandadsuren's 2 sons both attend primary school and their school fees are very expensive. She lives with her 2 sons in her small house in the ger district of Ulaanbaatar, the capital city of Mongolia.
Vandadsuren's sales volume increases notably every spring and summer. It is a good opportunity for her business to earn more money. Vandadsuren is requesting a loan to purchase spring and summer casual clothes from her suppliers in large numbers. The loan she is taking will be dedicated to increasing her working capital to increase her sales volume.
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.