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Gantumur
Mrs. Gantumur is 50 years old and lives with her husband in Ulaanbaatar, the capital city of Mongolia. She works at a meat factory in the packaging department. Her husband works for a house decoration company as a plasterer. They have an only daughter who is married and runs a grocery shop.

Mrs. Gantumur helps in her daughter’s business by working in her grocery shop as a part-time salesperson thus earning some extra money. She is applying for a loan to increase her daughter’s working capital by buying more inventory and stock 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,244.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Gantumur to increase her daughter’s working capital by buying more inventory and stock to sell.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 6, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013