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Altangul
Mrs. Altangul is 24 years old and lives with her mother, sister, brother and younger sister in rental house in Darkhan-the second largest city in Mongolia. Her mother is retired, sister is a cook in a electric plant, brother works at construction by part time and younger sister studies at university. Just in this year she started a clothes selling business at market. But currently it is not running so successful and she needs to raise her business current asset. It’s very beneficial to her business and family income. Because she pays her younger sister’s school payment and house rental. She is planning to purchase more muchness clothes ever than she sells before. Therefore Altangul is taking a loan to purchase some casual clothes from Ereen-a border city of China for increase her business output.

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
  • 1,224.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,375 helped Altangul to purchase some casual clothes from Ereen-a border city of China for increase her business output.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2011
Listed
Aug 18, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013