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Mrs. Ariuntuya runs a grocery store and wants to support and join to her friend's carpenter business. Her friend Nyamsuren works as a carpenter and has been doing his business for 3 years. Every fall, Nyamsuren preserve his business working material-wood from the suppliers. Because during winter time his carpentry raw material-wood becomes very rare and expensive in the market. Also he can not always make preservation of the raw material in due to have much orders. Thereforen Ariuntuya will be responded for the raw material supplying of their joint business in the further. This year she has a plan to reserve the wood with preservation of the next years. The loan she is taking will be used to purchase the wood by a large amount for preservation of working capital.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Ariuntuya to purchase the wood by a large amount for preservation of working capital.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 3, 2011
Nov 14, 2011
Currency Exchange Loss:
Jun 15, 2012