Mr. Agarjav B. is 34 years old and a former dancer. He lives with his younger sister in Ulaanbaatar, the capital city of Mongolia.
Until 2010, he was working as a professional dancer in a military dance ensemble. In 2010 he quit the ensemble due to an injury and started running a dance class for children. He works together with his former teacher.
At the moment, his group has around 40 children aged 6 to 14.
Agarjav’s younger sister is unemployed at the moment. Therefore, he wants to run a grocery retail kiosk at the food market to involve his sister.
The loan Agarjav is taking will be used to install big mirrors in his dance classroom and part will be used to buy the necessary products to resell in his kiosk.
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.