Mrs. Narantuya, 46 runs a passenger transportation business around the districts of Ulaanbaatar, the capital city of Mongolia. She has been doing her business since 2005 and already she has permanent customers. Her monthly earning does not meet with her family necessities often. She lives with her children in the slum district of Ulaanbaatar.
Lately her business income has been reduced notably in due to damages in her minivan. It influences badly to the number of rides she can provide in a day. And she could not provide the satisfaction and security of service to her customers. Therefore she decided to make renovation to her minivan. The loan she is taking will be dedicated to purchasing the spare-parts for the renovation of her minivan.
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.