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Jargalsaikhan
Jargalsaikhan is 35 years old and a mother of three teenage children. She lives with her husband and children in a ger, a nomadic Mongolian traditional tent. Her children all attend a secondary school. Jargalsaikhan runs a baggage keeping business in the “Narantuul” International bazaar, the biggest Mongolian outdoor market. Her husband helps her with the business when he has a day off.

She said their living condition is quite bad and she has been trying hard to get education to her three children and pay its or other expenses for a long time. Due to this, she made a plan which is aimed at increasing her earnings in phases. First, her business needs a vehicle to deliver the baggage to the customers from the other bazaars around the city. This is very important to her ongoing business and in order to expand successfully. Jargalsaikhan is requesting a loan to purchase a vehicle in order to deliver the baggage 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,282.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Jargalsaikhan to purchase a vehicle in order to deliver the baggage to her customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Oct 16, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012