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Mr. Ulziijargal, 22, is a professional photographer. He operates a photo studio in downtown Ulaanbaatar, the capital city of Mongolia. He opened his studio last year and he has been trying to gain experience and improve his business day by day. Currently, he serves approximately 20-25 customers in a day. He takes many kinds of photos for many purposes. Now he needs to buy another multicolor printer with multi-action for his studio. It will give him more opportunity to print his photos with better quality. The loan he is taking will be used to cover the cost of the multi-color printer for his photo studio.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,550 helped Ulziijargal to cover the cost of the multi-color printer for his photo studio.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 3, 2012
Sep 20, 2012
Currency Exchange Loss:
Apr 16, 2014