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Gantsetseg
Gantsetseg, 41, has sold baby clothes in the supermarket since 2008. She buys her goods from the Chinese border city. She lives with her husband and her 2 daughters in a ger, a Mongolian traditional nomadic yurt in Ulaanbaatar, the capital city of Mongolia. In summer time she has a big sales volume due to the increased demand for baby clothes. Most of her customers have a good opinion of her goods and their quality. Now she needs 2,300,000 MNT to buy baby clothes to increase her working capital for a bigger sales volume in the next coming months. In addition it is her second loan and she was able to repay her previous loan on time successfully.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,775 helped Gantsetseg to buy baby clothes to increase her working capital for a bigger sales volume in the next coming months.
99% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
May 10, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013