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Enkhchimeg, 35, lives with her husband and her three-year-old son in Ulaanbaatar, the capital city of Mongolia. She has been working as an accountant in a home furnishing store since 2005.

Enkhchimeg would like to start her own retail business selling merchandise like household commodities. To do so, she would need a loan to cover the costs of renting a building space, purchasing commodities and transporting goods from abroad. Therefore, Enkhchimeg is requesting a loan of 3,000,000 MNT.

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
  • 1,249.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Enkhchimeg to start her own business selling household commodities.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jul 25, 2011
Jul 27, 2011
Currency Exchange Loss:
Aug 15, 2012