Ariunaa, 47, lives with her husband and three daughters in Ulaanbaatar, the capital city of Mongolia. The family resides in a traditional Mongolian ger, a portable felt dwelling, on a plot of land. Ariunaa's eldest daughter is a geologist at a private research company. Her two younger daughters are studying at high school and university.
Ariunaa has been renting a stall at a trade center since 2008 and selling various types of footwear to locals. Her husband runs a taxi service in the local community. He is quite an expert at picking up customers and driving them to their destination in a short amount of time.
Ariunaa is requesting a loan of 2,000,000 MNT to purchase large quantities of footwear from China. With this purchase, she can increase the diversity of her goods and continue to sell her footwear without worrying about having an inventory shortage. Ariunaa is a very hardworking individual who wants her daughters to get a good education.
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.