Mrs. Narantuya runs a retail business of beautification commodities such as a bandeaus and earrings, etc. She has been doing her business since 2003 and has gained a lot of experience in her business field. She lives with her husband and her younger son in a boundary district of Ulaanbaatar, the capital city of Mongolia. Her business has been running for the last several years and she has bought a car with her earnings in the last year. Now this car is used as a taxi by her husband’s business.
Now Narantuya needs some money to purchase more beautification commodities from her suppliers than before for her sales, due to coming the holidays. During New Year days and next traditional celebrations, there will be much more sales in the markets of Mongolia. It is a beneficial time of year and a big chance to increase her income. The loan she is taking will be dedicated to purchase a large number of commodities for increasing her sales.
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.