Munkhtsooj, 40, has been running a karaoke and cafeteria business with her husband for 4 years. She used to have a business selling casual clothes to Russian border cities before. She lives with her husband and her daughter in a common apartment in Ulaanbaatar, the capital city of Mongolia. This business is the main income source for her family. She is requesting a loan to buy 2 LCD televisions and an air conditioner for her karaoke rooms. She said it is a good thing to improve her business quality and service for customers.
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.