Mrs. Tumentsetseg, who is 39 years old, lives with her husband and two children in Ulaanbaatar, capital city of Mongolia.
She has been running a grocery store since 2011, and she has accumulated a vast amount of experience in the sales business. Her husband renders taxi service to local people. Their elder son is graduating from his university next year and specializes in the tax system. Their daughter is a first-year student and is working hard to become an aspiring teacher.
She is requesting a loan of MNT 3,500,000 to purchase foodstuffs in large amounts at wholesale prices. As a result, she will be able to run her grocery store without worrying about inventory shortages for some time.
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.