Mrs. Munkhtsetseg, 36, runs a rental grocery store. Actually she sells the beverages such as a vodkas and beers. She has been doing her business since last year, and she has enough experience to run this kind of business because she used to work as a seller in her friend’s store.
Lately she needs to increase her store's working capital substantially, because her income has decreased in the last several months due to having less working capital. Therefore she is taking a loan to purchase beverage commodities such as some kinds of vodkas and beers for increasing her store's working capital.
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.