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Ankhzaya

Update on Ankhzaya

Ankhzaya again needs to renovate her printing machines and add to their number, due to many orders. Lately, she has had a high work load and the number of customers has increased in the last several months.

Therefore, she is taking a loan to purchase new Xerox printing machines for equipment renovation of her printing office.

Previous Loan Details

Mrs Ankhzaya is 25 years old. She lives with her husband and 3-year-old daughter in a traditional Mongolian nomadic tent in the Mongolian capital city Ulaanbaatar. Until 2008, Ankhzaya worked in a printing factory. Then she decided to open her own printing company. The company does all kinds of p... More from Ankhzaya's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ankhzaya to purchase new Xerox printing machines for equipment renovation of her printing office.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Ankhzaya. It was first posted on Kiva on Aug, 2010. Learn More