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Munkhtsetseg
Mrs. Munkhtsetseg is 47 years old, and lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. They live in a rented flat. Her only son Davgaragchaa, 16, studies in secondary school. Munkhtsetseg used to work as a nurse in the hospital but lost her job due to job cuts in the late 90s.

She started running an office supply retail business at an outdoor market. She rents two separate stalls in the market and now she wants to extend her business by renting one more stall. She is one of our VIP clients and each time we do the loan assessment we see that her business is growing steadily. She employs two salespersons as well. The loan she is taking will be used to buy more stationery and office supply to sell at the third stall.

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
  • 1,230.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Munkhtsetseg to buy more stationery and office supplies to sell on the third stall.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Mar 16, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012