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Altantsetseg
Mrs. Altantsetseg is 44, a seamstress, and lives only with her husband in Darkhan, the second largest city in Mongolia. Her husband is a driver and electrician. She has been running her clothes tailoring business since 1991 and she has been able to gain enough experience in this business.

At first, she started her business with only one sewing-machine. But now she owns a full workshop. She has a plan to expand her business. Recently, she needs more inventory of cloth materials because it is a busy season for her and she has a lot of orders.

Therefore she is taking out a loan to purchase cloth materials to increase her current business assets.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,227.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Altantsetseg to purchase cloth materials to increase her business inventory.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2011
Listed
Aug 19, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013