Check out other loans that are currently fundraising!
Erdenetsetseg
Mrs Erdenetsetseg is 53 years old and lives with her husband and two daughters in a suburb of Ulaanbaatar (the capital city of Mongolia). She also has two sons, who are grown up and live separately. Her husband works in a transportation company as a truck driver. The eldest daughter, Bayarmaa, 26, works with her mum. Her other daughter, Bayarjargal, 22, graduated from university this year and is looking for a job. Mrs Erdenetsetseg used to work in a clothing factory as a tailor and seamstress until 2004, when it was closed down.

That same year she rented a small workshop and started running a tailoring business making various dresses and clothes. Now she has gained valuable experience and has a loyal customer base. Mrs Erdenetsetseg is an energetic and enthusiastic person. Her family owns a plot of land and small house in a suburb of Ulaanbaatar. In the future they are planning to make some extensions and renovations to the house, therefore she needs to generate additional revenue by extending her business and increasing her working capital. The loan she is requesting will be used to buy two more professional sewing machines and more fabrics and materials for the 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,331.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Erdenetsetseg to purchase sewing machines, fabrics and materials to expand a tailoring business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012