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Bolormaa
Mrs. Bolormaa, 38 years-old sells diary products such as cow milk and yogurt in the market in Ulaanbaatar, the capital city of Mongolia. She has been running her business for over 12 years. She lives with her husband and her son in the common which is located in the suburban district. Now she already has her own permanent customers and they say that they have no doubt in her sales, she always sells the best diary products.

At this time, Bolormaa is taking a loan in order to increase her working capital in order to expand her business. It will be beneficial for her business future. The loan she is taking will be dedicated to purchasing a large amount of diary products.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Bolormaa to purchase large amounts of dairy products.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 17, 2011
Currency Exchange Loss:
Covered
Ended:
May 21, 2012