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Zoljargal is 22-year-old and lives with her family in a ger, a Mongolian traditional nomadic tent in Ulaanbaatar, the capital city of Mongolia.

Since February 2011, she has run a grocery store near her home. Before that she operated a clothes shop called “Baby Shop” in another district.

Zoljargal is an accountant and does all the accounting for her store by herself. She hired a part-time salesperson to work in her store.

Zoljargal wants a loan to purchase coal to heat her store and to supply food products, from local food vendors, to sell.

She thinks she will expand her business and increase her income.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,263.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Zoljargal to purchase the coal to heat her store and food products to sell.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Sep 14, 2011
Sep 26, 2011
Currency Exchange Loss:
Mar 15, 2012