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Bat-Erdene, 29, is a fruit seller in the food market which is located in the suburban district of Ulaanbaatar, the capital city of Mongolia. He sells several kinds of fruits such as apples, bananas, kiwis, and grapes. He occasionally supplies some restaurants around the city. His customers always say that Bat-Erdene always sells safe and delicious fruits and they are always happy to buy from him.

Bat-Erdene wants to increase his working capital in order to expand his business and raise his earnings. The Lunar Year is approaching, which is a traditional and respectful Mongolian celebration. The demand for groceries such as fruits will increase notably during these days. Therefore, he wants to prepare his groceries in advance of the celebration, which is a big opportunity for merchants. The loan he is taking will be dedicated to purchasing fruits in large amounts in order to increase his 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

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,415.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Bat-Erdene to purchase fruits in large amounts to increase his sales volume.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 19, 2012
Jan 24, 2012
Currency Exchange Loss:
Aug 15, 2012