This time Mrs.Tuul wanted to increase her working capital (inventory) such as baby clothes for the business' expansion. The loan she is taking will be used to purchase a large numbers of baby clothes from her supplier. In addition, she used her previous loan successfully and paid it back on time.
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.