Mrs. Tuya is 60 years old, widowed, and lives with her mother in her mother’s one-room apartment. She speaks Mongolian, Russian and English. Her husband was getting a PhD in the USA but passed away suddenly while he was visiting in Mongolia. After he died, everything she was planning in her life was torn apart. Then she had to move to Mongolia to look after her mom because of the health problems she was having. Her daughter is studying in the USA. Since she came back to Mongolia and she rented a small shop space in one of the shopping centers in town and started to resell clothes from China.
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.