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Sarangerel
Sarangerel, 48, is a shoe seller. She lives with her family in the ger district in a traditional Mongolian nomadic tent.

Sarangerel sells her shoes in a bazaar in the suburban district of Ulaanbaatar, the capital city of Mongolia. She has been running her business for 7 years and she has many permanent customers. The Lunar Year is approaching. It is a traditional and respectful Mongolian celebration. The demand for commodities such as shoes will increase notably during these days. Therefore, she wants to prepare her commodities in advance of the celebration, which is a big opportunity for merchants. The loan she is taking will be dedicated to purchasing shoes in large quantities in order 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,415.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,775 helped Sarangerel to purchase large quantities of shoes to increase her sales volume.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 21, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014