Mrs. Tungalagtuya, 46 years old, lives with her husband and daughter 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, renting a stall there, for ten years. In that time, she has accumulated a vast amount of experience. Her husband works at a private business entity. Her daughter is a third-year student at university, and she will graduate next year.
Tungalagtuya is requesting a loan of 4,000,000 MNT. She will use it to expand her business, by purchasing various kinds of clothing from China at low prices and renting an additional sales stall next to her existing one. As a result, her business income will increase, and at the same time, her family's living standard will improve. 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.