Mrs. Sodbileg, 29, has been running a cafe in rented space since last spring. Initially, her cafe was owned by her boss and she used to work as a cook, but now she is renting it with a contract of two years.
She lives with her husband and her two children in Ulaanbaatar, the capital city of Mongolia. Her cafe already has permanent customers, and there is a substantial increase of monthly income.
Now Sodbileg needs to renovate her cafe equipment such as tables and chairs. It will influence well the satisfaction of her customers and the quality of service. The loan she is taking will be dedicated to purchase the new equipment to renovate her cafe.
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.