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Mrs. Saranjav is 39 years old and earns a living by making the covers for the traditional Mongolian nomadic tents which are known as gers. She has been in this line of work for eight years and sells her goods to wholesalers. She lives with her husband and her daughters in a ger in Ulaanbaatar, the capital of Mongolia. All of her daughters are in secondary school. Her goal for the future is to earns more money by increasing her sales volume. She is in a good business for doing this, because gers are seen as essential items in Mongolia.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Saranjav to buy more wool for making ger covers.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 25, 2011
Dec 5, 2011
Currency Exchange Loss:
Oct 15, 2012