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Enkhbadral
Enkhbadral, 23, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. In 2011, he graduated from university with a marketing manager degree and began his photo studio business. Even though one year is a very short time, his business stabilized and attracted quite a number of customers. The family resides in his brother’s apartment and his daughter, who is one, is cared for by his mother, who is retired. His wife recently began working as an accountant in a private company after caring for her daughter for one year. In order to expand his business and generate more income, he is requesting a loan of 3000000 MNT to buy a printing device with multiple functions. He is a very hardworking individual who is striving to improve his family’s living conditions. On one occasion, he even said, ‘’Real life has just begun as I graduated my university, got married and had a child," which shows his determination and enthusiasm.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,150 helped Enkhbadral to buy a printing device for his photo studio.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Dec 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014