Mrs. Tuya, 38, is a seamstress. She lives with her husband, and they have no children. For the past 3 years she has been running a sewing shop in Ulaanbaatar, the capital city of Mongolia, called “Khatan Goo”. Her shop already has many permanent customers and they all say that Tuya is a skillful and hard-working seamstress.
Lately there have been a great many orders coming in from her customers for national and casual clothes for the coming holiday, “Tsagaan sar”, which is a major, respectful, traditional Mongolian celebration. Mrs. Tuya needs a large amount of working capital to purchase textiles and draperies to fulfill the orders. Her loan will be dedicated to this purpose.
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.