Uyanga, 22, sells casual clothes in the market of Ulaanbaatar, the capital city of Mongolia. She lives with her parents in a ger, the traditional Mongolian nomadic tent which is located in the ger district.
Recently, she has taken over this business from her mother, who ran the business since 1999. New businesswoman Uyanga wants to run her business successfully and to improve it day by day. She now needs monetary support amounting to 3,250,000 MNT as working capital for selling during the winter. It will influence her business profit notably, according to her business plan. The loan will be used to purchase a large amount of winter clothes from her suppliers.
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.