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Mrs. Munkhtuya, 25, sells diary products, such as cow's milk and yogurt in the market at Kherlen, a boundary town in western Mongolia.

She has been running her business for over five years. She lives with her husband and her son in the common, which is located in a suburban district.

She already has her own permanent customers and they say that they have no doubt in her sales, she always sells us the best diary products.

Munkhtuya is taking a loan to increase her working capital to expand the business. It is beneficial for her business future. The loan she is taking will be dedicated to the purchase of larger amounts of diary products.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Munhktuya to purchase larger amounts of diary products.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 27, 2012
Jan 31, 2012
Currency Exchange Loss:
Sep 17, 2013