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Munkhtsetseg
Munkhtsetseg is 33 years old and lives with her 2 children and husband. They all live in a wooden house in Ulaanbaatar, the capital of Mongolia. Her husband operates a taxi service in the city, and her elder son attends a secondary school, while the younger son goes to kindergarten. She used to work for a clothing factory as a tailor for 13 years, and during those years she gained a lot of experience. Therefore, in 2009 she started her own tailoring business.

Now she has her regular customers already, and she is getting busy now, because of New Year is coming soon therefore she wants to hire someone to help her with the business. Munkhtsetseg is planning to expand her business. She is requesting 1.000.000 MNT loan to purchase some fabric and a sewing machine.

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
  • 1,227.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Munkhtsetseg purchase some fabric and a sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2010
Listed
Dec 7, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012