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Mrs. Battsetseg is 48 years old and she lives with her husband and her two children in a Mongolian boundary town. She runs a grocery store in another town with her husband. She has been running her business for eight years and before that, her store used to run in her backyard. But she moved it in 2010 to another more crowded place in order to increase her customer base.

Lately her store has a low profit and low sales volume due to her groceries. Recently she funded her son’s starting up a new business from her store business. Now her son has successfully started up his business of auto spare parts sales. The loan she is taking will be dedicated to buying groceries for her grocery store.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,327.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,650 helped Battsetseg to buy groceries for her grocery store.
90% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 25, 2012
Jul 6, 2012
Currency Exchange Loss:
Aug 17, 2014