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Khenmedekh
Mrs. Khenmedekh, 35, sells casual clothes in the bazaar. She has been selling them for two years, and before that, she used to sell cement in the construction materials market.

She lives with her husband and two children in the slum district of Ulaanbaatar, the capital city of Mongolia. During the winter, her sales volume always rises, and she needs to increase her commodities/working capital. Actually, winter coats are very salable goods, and she can sell them at a quite higher price. Now, she needs some money to purchase the winter coats and clothes in large numbers from her supplier to increase the working capital.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Khenmedekh to purchase winter coats and clothes in large numbers from her supplier to increase the working capital.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013