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Chinzorig
Chinzorig J. is 26 years old and single. He lives in Ulaanbaatar, the capital city of Mongolia. Chinzorig has a small business running a photo service booth. He has been running his photo service booth for the last five years and has gained an abundant amount of experience in professional photography. One of his dreams is to open his own photo studio where customers would have the chance to dress up in Mongolian traditional clothes while having their photos taken. He is requesting a 1,000,000-tugrug loan to purchase Mongolian traditional clothes and some equipment for his 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Chinzorig to purchase Mongolian traditional clothes and some equipment for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2010
Listed
Jul 25, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011