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Mrs. Altantsetseg, a 43-year-old widow, lives with her mother in her apartment in Ulaanbaatar, the capital city of Mongolia. Her only son Enkhmend 27 is married and lives with his wife. He works in city's rescue department.

Mrs. Altantsetseg started her retail business in 2006 by selling shoes. Now she rents a space inside the shop and sells cosmetic items. Her business is growing and during past few years she has managed to buy a plot of land for her son and a car for herself. Now she is planning to increase her profits by increasing her working capital and buying more products to sell. The loan will be used to buy more cosmetic products to sell.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,240.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Altantsetseg to increase working capital by buying more cosmetic products to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 20, 2011
Apr 26, 2011
Currency Exchange Loss:
Jun 15, 2012