Tuvshinjargal is 41 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her children attend a secondary school. Tuvshinjargal rents a bar that she has been running since June 2010. She employs three workers. She invested in the pub by renovating it last year.
Tushinjargai has a good reputation in the area and her number of customers is increasing. More and more people and organizations are coming to her pub to have a party. She is planning to add some new meals to the meal menu and to change the outside view by replacing the bar name and logo. The loan will be used to buy some kitchen utensils, to renovate the outside of the pub and to pay for labor costs.
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.