Check out some available loans that are similar to this one!
Baasansuren
Baasansuren A. is 40 years old and lives with his wife and only daughter in Ulaanbaatar, the capital city of Mongolia. They live in a house that they bought on mortgage. His daughter studies in secondary school and his wife, Oyungerel, 34, helps in her husband’s business.

Baasansuren is an artist. He makes different things like bags, purses, hats, paintings and souvenirs from colored sheep wool. He has been doing this for eight years. He makes items to order and also sells them in souvenir shops. His products are in good demand during tourist seasons.

He is asking for a loan to buy sheep wool and paints to make beautiful souvenirs 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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,263.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Baasansuren to buy sheep wool and paints to use in his souvenir-making business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2011
Listed
May 6, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012