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Bayarsaikhan
Mrs. Bayarsaikhan, 46 years-old, sells livestock meat to her customers. She and her husband drive around and buy the meat from the suppliers in the countryside for a lower price. She has been doing this business for many years and they have a lot of loyal customers, which make the business mutually beneficial.

A month ago, she decided to increase her sales volume in order to make a bigger profit. Therefore, she has made an order of livestock from her suppliers. She is going to sell them to the customers in cities. Since the winter is coming, this kind of trading is profitable. She is requesting a loan to cover the expanses of her advance orders. This loan will be very important in order to expand her business.

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
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Bayarsaikhan to cover the fees of her advance orders for meat.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 17, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015