Mrs. Oyuntsetseg, 41, runs a noodle house, and she has been operating it since last year. Her noodle house is located at a nearby primary school. In a day she has approximately 20-25 customers and most of them are satisfied for her made bowls of noodles. She lives with her husband and her two kids in the apartment in Ulaanbaatar, the capital city of Mongolia. She has a lot of customers from September to June every year during the academic year.
So she wanted to increase her working capital such as noodles and dinner services. The loan she is taking will be used to pay for the uncooked noodles and renewing dinner services.
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.