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Baatartungalag
Enkhtsetseg, 24, sells shoes in the market in Darkhan, the second largest city in Mongolia. She has been in business for less than a year and already has permanent customers.

She lives with her husband and two children in a rental house, since they are married.

Her business earnings do not meet the family's financial needs. Therefore she decided to expand her sales volume to increase her earnings.

The loan she is taking out will be dedicated to purchasing a large numbers of shoes from her supplier.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Baatartungalag to purchase a large numbers of shoes from her supplier.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Dec 13, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012