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Mr. Agarjav B. is 34 years old and a former dancer. He lives with his younger sister in Ulaanbaatar, the capital city of Mongolia.

Until 2010, he was working as a professional dancer in a military dance ensemble. In 2010 he quit the ensemble due to an injury and started running a dance class for children. He works together with his former teacher.

At the moment, his group has around 40 children aged 6 to 14.

Agarjav’s younger sister is unemployed at the moment. Therefore, he wants to run a grocery retail kiosk at the food market to involve his sister.

The loan Agarjav is taking will be used to install big mirrors in his dance classroom and part will be used to buy the necessary products to resell in his kiosk.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,215.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Agarjav to install big mirrors in his dance classroom and to buy necessary products to resell in his kiosk.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 5, 2011
May 14, 2011
Currency Exchange Loss:
Dec 15, 2012