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Mrs. Altantsag, 27 years old, lives with her parents in Ulaanbaatar, the capital city of Mongolia. She has undergone vocational training and now works as a receptionist in an international organization. Her father drives a truck in a transportation business entity.

In order to increase her income, she wants to run her own business. So, she is requesting a loan of 2,200,000 MNT to purchase coal from her brother at a low price and she wants to sell it at the retail price of 1,600 MNT per bag. Even though she has no experience in selling coal, her parents have sold coal several times. While she is away on work, her mother will sell coal for her. Altantsag is a very hardworking individual who is striving for a better life.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,600 helped Altantsag to sell charcoal to local residents.
91% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Jan 4, 2013
Currency Exchange Loss:
Aug 17, 2014