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Enkhsukh
Mr. Enkhsukh, 32 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia.

Since 2011, the family has been running a tailoring business; it is their main income source. Also they created 4 jobs in their factory. Their daughter, just 3 years old, goes to kindergarten.

In order to buy high quality equipment and machines from Korea, he is requesting the loan of 3,000,000 MNT. As a result, their business can be expanded; it is very beneficial to the economy by creating jobs and distributing income.

In the future, his goal is to expand his business rapidly through small and medium enterprise supporting fund after paying this loan.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Enkhsukh to buy equipment and machines for his tailoring business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013