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Mrs. Khandsuren is 39 years old and lives with her family in a rented house in Ulaanbaatar, the capital city of Mongolia. Mrs. Khandsuren has two children, a girl and a boy, aged 19 years old and 15 years old. During the day, Mrs. Khandsuren runs a clothes business at a local market called Narantuul. She purchases a variety of products from Ereen, a Chinese border city, and resells them for a profit. She started her business in 1999. Mrs. Khandsuren has good communication skills and her business is very important to her. She says, “I have been planning to build a warehouse for my business and my family in the future. In addition, I would like to provide a good education for my children." Her husband has a tailoring business in his home town. Mrs. Khandsuren’s husband sews jackets and short coats. She sells these products at the market in Narantuul. She is requesting a loan to purchase a large amount material to sew jackets and short coats.

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
  • 1,379.3
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,900 helped Khandsuren to purchase a large amount material to sew jackets and short coats.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 4, 2012
Nov 5, 2012
Currency Exchange Loss:
Dec 5, 2012