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Munhktsetseg
Mrs. Munkhtsetseg, 36, runs a rental grocery store. Actually she sells the beverages such as a vodkas and beers. She has been doing her business since last year, and she has enough experience to run this kind of business because she used to work as a seller in her friend’s store.

Lately she needs to increase her store's working capital substantially, because her income has decreased in the last several months due to having less working capital. Therefore she is taking a loan to purchase beverage commodities such as some kinds of vodkas and beers for increasing her store's 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Munhktsetseg to purchase beverage commodities, such as some kinds of vodkas and beers for increasing her store's working capital.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012