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Mrs. Bayarmaa, 38, who lives in a house with her husband and three children, has been a seller of dishes and lusterware used as household necessities for 15 years. She purchases her commodities from the factories and sells them wholesale.

Bayarmaa has lately been considering an expansion of her business into another marketplace or bazaar. In order to increase her business working capital, she needs to increase her sales volume, and is therefore requesting a loan to purchase more dishes from her suppliers. Her previous four loans from other institutions were all repaid on time.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,263.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,775 helped Bayarmaa to purchase more dishes from suppliers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 16, 2011
Sep 27, 2011
Currency Exchange Loss:
May 18, 2012