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Enkhtsetseg
Mrs. Enkhtsetseg, 24, sells shoes in the market in Darkhan, the second-largest city in Mongolia. She has been running her business for half a year and already has some permanent customers. She has lived with her husband and her two children in a rental house since she got married. Her business earnings do not always meet the needs of her family; therefore, she decided to expand her sales volume to increase earnings. It is very important for a new family such as hers. The loan she is taking out will be dedicated to purchasing large numbers of shoes from her supplier, to increase her commodities.

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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,343,850
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Enkhtsetseg to purchase a large number of shoes from her supplier to increase her commodities.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Covered
Ended:
May 17, 2013