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Mr. Nanjii, 55, is a carpenter and makes Mongolian traditional furniture for his neighbors and his permanent customers. He has been running his business for 20 years and lives with his wife. All of his children have moved out.

Now he needs money to increase his business working capital. It is important for the persistent running of his business. The loan he is taking will be used to purchase raw materials for carpentry.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Nanjii to purchase raw materials for carpentry.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 6, 2012
Jan 12, 2012
Currency Exchange Loss:
Aug 17, 2013