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Mrs. Suvd-Erdene is 29 years old and earns a living as a beautician. Her salon is in downtown Ulaanbaatar, the capital of Mongolia. She is single and lives with her son in an apartment that she rents. Her salon is only three months old but already has many permanent customers because she provides excellent service. She is applying for this loan to buy more equipment and perfume.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Suvd-Erdene to buy equipment and perfume for a beauty salon.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 2, 2011
Nov 11, 2011
Currency Exchange Loss:
Feb 15, 2012