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Ariunzul A. is 37, married, and the mother of a three children. She and her family live together in a ger (the traditional Mongolian nomadic tent), in Ulaanbaatar, the capital city of Mongolia. Her oldest daughter, Azzaya, attends a local secondary school; her son Nyam-Erdene is 8 years old and attends a Buddhist monastery; and her younger daughter, Azjargal, is 2 years old and stays at home.

Ariunzul successfully operates a bicycle repair service. She also owns a small car repair business that they started in 2009. At first, the couple rented a small tire-repair shop but, after a year of successful business operation, she managed to open a new sales point and expanded her services.

Ariunzul and her family have been planning to grow their business in the future. Ariunzul is a helpful person with a good personality. She says, “My dream is one day to change my repair place into a large and warm auto-repair service.” She is requesting a 2,000,000 tugrug loan to start a grocery store.

Additional Information

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.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,362.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Ariunzul to start a new grocery store business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 23, 2010
Jul 15, 2010
Currency Exchange Loss:
Apr 15, 2011