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Nergui
Nergui is 57 years old and lives with her husband in Ulaanbaatar, the capital city of Mongolia.
They live in a ger, the traditional Mongolian nomadic tent. Her husband helps in her business. She rents a container (a stall) at a wholesale center and conducts business selling flour and rice. Over the years she has gained a lot of experience. She was selling her goods wholesale to citizens and individuals on “Khar Khorin” market. Her daily earnings are 500,000 MNT. Nergui is very a hardworking and persistent person.
Her future plan is to improve her family’s living condition by buying a family house. She is asking for a loan to increase her working capital by buying some flour and rice.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,203.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Nergui to buy flour and rice to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2011
Listed
Apr 6, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012