She started her business with working capital of 400,000 tugrugs (~293 USD). After years of successful operations, she has managed to increase her working capital to a level exceeding 2,165,000 tugrugs (~1,583 USD) today. Odontuya has been planning to purchase large amounts of products for her store to increase her sales. She is requesting a loan to increase her inventory and to build storage.
About Credit MongolCredit 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.
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