Sukhtsetseg, 46, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. She has been selling clothes at a trade center by renting a stall since 2007. Before this job, she was working as a saleswoman for another person. Her husband works on contract with an oil extracting company. Her elder child studies at the university, while her younger child goes to high school. She is requesting a loan of 1500000 MNT to purchase clothes from China, as she has sold most of her current stock. As a result, she will be able to keep running her business without worrying about an inventory shortage. She will also be able to generate more income for her family, as demand for clothes usually increases during this period of time. The borrower is a very hardworking individual who strives for a better 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.