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Bayarmaa
Bayarmaa is 37 years old lives with her husband and a daughter in Darkhan city, Mongolia. They live in small house on their plot of land. Her daughter is 5 years old and attends a local kindergarten. Her husband works at “Erel Tsement” LLC as a plumber.

In 2009 Bayarmaa decided to rent a place and open a small grocery shop. Since then, she has been running her business quite successfully. So, she decided to build her own small shop and, at same time, to increase her working capital and profit. Sometimes she stays at her store overnight to protect her store from theft. She is planning to expand her business by selling vodka and beer at her store. The building work is 75 % complete. The reason she is requesting a loan is to complete the building project.

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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,216.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Bayarmaa to complete the building project at her store.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Mar 21, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011