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Lkhamkhuu
Lkhamkhuu is 39 years old. She is a clothing seller and lives with her 3 daughters in a leased apartment in Darkhan. Darkhan is the second largest city in Mongolia. Her husband Battsengel has been working as a blacksmith in a steel mill in Korea in order to earn more money over the last 4 years.

Lkhamkhuu sells clothes at the bazaar and imports commodities from abroad. Since one of her daughters became a student she has begun facing difficulties running her business due to a lack of funds.

She is requesting a loan to raise her income by increasing her working capital to sell more clothes to her customers.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,253.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Lkhamkhuu to raise her income by increasing her working capital to sell more clothes to her customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 26, 2011
Listed
Sep 11, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012