Mrs Myagmarsuren, 62, sells spare parts from used cars. She has been running her business since 2002 in the auto bazaar in Ulaanbaatar, the capital city of Mongolia. She lives with her husband in her old house in the ger district, an area of the city with no running water, minimal roads and patchy electricity. All of her children have moved out of their parents' house. Myagmarsuren is one of the many hard-working women who try to improve their lives day by day. Over the years, she has built up a lot of permanent customers and she has gained a lot of experience from her business.
At this time she is requesting a loan to buy spare parts in large quantities so that she can increase her working capital and her sales volume. In addition, she has a plan to open her own spare parts shop in the near future.
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.