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Nergui
Nergui, 52, lives with her children, both of whom attend high school, and her husband in the boundary district of Ulaanbaatar, the capital city of Mongolia. For the past six months Negui has been selling children's clothes in a market called “Sunday,” and already has gained some permanent customers.



She and her husband also own a small piece of land upon which she has been planting vegetables since last June. Because the land has produced a good yield, Negui is now requesting a loan of MNT 3.000.000 to purchase more nearby land in order to expand her agricultural business.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Nergui to pay for the purchase of farmland.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Oct 31, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2013