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Mrs. Yanjmaa, 56, runs a grocery store in the ger district. A ger is a traditional nomadic Mongolian tent. She lives with her niece in a ger. Her store opened in the autumn of 2010. Her business has been running successfully and already has some permanent customers.

Now she needs to make some renovation to her store in order to improve her business in the future. She needs new bulks, commodities and a freezer to keep these commodities.

The loan she is taking will be used to cover the cost of new furniture and a freezer for her grocery store.

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 $2,350 helped Yanjmaa to cover the cost of new furniture and a freezer for her grocery store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Nov 8, 2011
Nov 19, 2011
Currency Exchange Loss:
Sep 15, 2012