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Mrs. Munguntsetseg, 38, runs a grocery store in Kherlen, a boundary town in Mongolia. She has been running her business for 4 years and already has had permanent clients. She lives with her husband and her children in a ger, a Mongolian traditional tent.

Her store business has been running successfully for several years and last summer she bought a car with her earnings. Now Munguntsetseg wants to expand her store sales volume to improve her business. The loan she is taking will be dedicated to purchasing the groceries for her store.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Munguntsetseg to purchase the groceries for her store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 20, 2011
Jan 3, 2012
Currency Exchange Loss:
Mar 15, 2012