Mrs. Baasanjargal, 31 years old, lives with her husband and daughter in Ulaanbaatar, capital city of Mongolia. She has been selling clothes to local people since 2008. During her study in Germany, she was fascinated with the quality of German clothes and after coming back to Mongolia, she began to sell German clothes for a living. Her husband is currently unemployed due to a sudden lay off from the mining company. Their daughter is five years old and goes to kindergarten. She is requesting a loan of 4000000 MNT to buy furniture such as drawers, closet and sofa for her new home. This will make her home more comfortable and give her increased enthusiasm for her work.
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.