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Mr. Baasansuren, age 39, lives with his family in Ulaanbaatar, the capital city of Mongolia. He worked as a contract worker in Korea from 2007 to 2010. In 2012, he began selling clothes.

He is requesting a loan of 4,000,000 MNT to buy clothes and furniture. In doing so, his business will expand and he will generate more income. This will enable him to invest in his son’s future education.

In the future, Mr. Baasansuren would like to increase his customer base.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,399.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,875 helped Baasansuren to buy clothes and furniture.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Dec 13, 2012
Currency Exchange Loss:
Jan 12, 2013