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Uyanga, 22, sells casual clothes in the market of Ulaanbaatar, the capital city of Mongolia. She lives with her parents in a ger, the traditional Mongolian nomadic tent which is located in the ger district.

Recently, she has taken over this business from her mother, who ran the business since 1999. New businesswoman Uyanga wants to run her business successfully and to improve it day by day. She now needs monetary support amounting to 3,250,000 MNT as working capital for selling during the winter. It will influence her business profit notably, according to her business plan. The loan will be used to purchase a large amount of winter clothes from her suppliers.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,399,550
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Uyanga to purchase a large amount of winter clothes from her suppliers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 8, 2011
Nov 15, 2011
Currency Exchange Loss:
Oct 15, 2012