Ariunzul A. is 37, married, and the mother of a three children. She and her family live together in a ger (the traditional Mongolian nomadic tent), in Ulaanbaatar, the capital city of Mongolia. Her oldest daughter, Azzaya, attends a local secondary school; her son Nyam-Erdene is 8 years old and attends a Buddhist monastery; and her younger daughter, Azjargal, is 2 years old and stays at home.
Ariunzul successfully operates a bicycle repair service. She also owns a small car repair business that they started in 2009. At first, the couple rented a small tire-repair shop but, after a year of successful business operation, she managed to open a new sales point and expanded her services.
Ariunzul and her family have been planning to grow their business in the future. Ariunzul is a helpful person with a good personality. She says, “My dream is one day to change my repair place into a large and warm auto-repair service.” She is requesting a 2,000,000 tugrug loan to start a grocery store.
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.