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Munkhtsooj, 40, has been running a karaoke and cafeteria business with her husband for 4 years. She used to have a business selling casual clothes to Russian border cities before. She lives with her husband and her daughter in a common apartment in Ulaanbaatar, the capital city of Mongolia. This business is the main income source for her family. She is requesting a loan to buy 2 LCD televisions and an air conditioner for her karaoke rooms. She said it is a good thing to improve her business quality and service for customers.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,307.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Munkhtsooj to buy 2 LCD televisions and an air conditioner for her karaoke rooms.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Apr 24, 2012
Apr 30, 2012
Currency Exchange Loss:
Dec 15, 2012