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Jamiyan
Mr. Jamiyan, age 29, sells electronics in a supermarket called “Bumbugur,” and he lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. He has been in this business since 2000 and has gained enough experience in his business field. He usually obtains his inventory from a certified Japanese electronics distributor. Lately, his business income has decreased notably due to a deficiency of inventory. During the last two months, he has sold almost 85-90% of his inventory. There will be a lack of inventory to sell next month. Therefore, he should increase his working capital immediately. The loan he is taking will be used to purchase a larger number of electronics to increase the inventory for more sales.

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
  • $15,398,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Jamiyan to purchase a larger number of electronics to increase the inventory for more sales.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012