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Urtnast
Urtnast is 30 years old and lives with her husband and two daughters in Ulaanbaatar, Mongolia. She and her family live together in a relative’s house. Her two children, ages two and seven, attend kindergarten.

Urtnast operates a trading business at a local market. She operates a shoes sales business and purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. Sometimes she purchases her products from Beijing. Because of the high-quality products received from Beijing, the products she offers are usually better than those offered by the other sellers. Her product selection is very good and she has a great business mind.

Since Urtnast started her business, her family's living conditions have improved. With her earnings, she has been providing money for family expenses and purchased her own land. She is an open and very hardworking person. She wants to build a house on her own land.

Urtnast is requesting a loan to purchase construction materials to build a house and also to increase current assets in her business.

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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Urtnast to build a house and to increase her current assets in her shoe business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2010
Listed
Jul 25, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011