Ariunaa is 42 years old and lives with her husband and two daughters in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a house on their own land. Her two daughters are 8 and 16 years old and attend a local secondary school. Her husband is taxi driver.
Currently, Ariunaa operates a clothing-sales business at Narantuul market, the largest and most crowded market in the city. She operates a retail business and purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. She started her business in 2003 with working capital of 600,000 tugrug (about $146) and has expanded her business with a loyal customer base. Recently, in 2007-2009, Ariunaa and her husband purchased their own plot of land and built a house. Ariunaa is a very hardworking person. She is requesting a loan to increase her working capital.
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.