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Munkhtsetseg
Mrs. Munkhtsetseg, 44, works as a butcher in the food market in Ulaanbaatar, the capital city of Mongolia. She has been selling meat since 2008 and already has her own permanent customers. Her main stock is beef, and she takes it from her permanent suppliers in countryside.

Now she needs to increase her sock before this Lunar New Year day, the respectful Mongolian traditional holiday. Because the price of lamb increases during this holiday and sales volume is increased largely for weeks, she is taking a loan to purchase a large amount of beef from her supplier to increase her working capital.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Munkhtsetseg to purchase a large amount of beef from her supplier to increase her working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013