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Uranchimeg, 52, is a hairdresser. She has been doing this business for 6 years and already has her own permanent customers.

She is divorced and now lives with her daughter /a student of University/ in Ulaanbaatar, the capital of Mongolia. Urancimeg wants to renovate her work tools such as her hair machine and other equipment for her barbershop because the tools have become old and have some damage to them. Therefore Uranchimeg is taking a loan to purchase the new hair equipment to renew her work tools.

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
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Uranchimeg to purchase new hair equipment to renew her work tools.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 29, 2011
Dec 6, 2011
Currency Exchange Loss:
Jun 17, 2013