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Erdenedalai
Erdenedalai, 31, sells clothes in the outdoor market in Ulaanbaatar, the capital city of Mongolia. She lives with her family in the slum district. She sells track suits and other kinds of outfits. She has been running her business for 6 years. She had started her business with just one stall and now she owns 2 stalls in the bazaar. Her husband works as a driver of a heavy truck on a mine site.
Erdenedalai wants to increase her business working capital to expand sales volume and to further increase her earnings. Also after a month there will be Lunar Year which is a traditional Mongolian celebration. Demand on clothes will increase notably during those days. The loan Erdenedalai is taking will be dedicated to purchase clothes in a large amounts to increase her sales volume.

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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,415.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Erdenedalai to purchase clothes in large amounts to increase her sales volume.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Jan 21, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012