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Amarjargal
Amarjargal, 31 years old, lives with her husband and two children in Ulaanbaatar, capital city of Mongolia. Her husband renders taxi services to local people. She began her clothes-sales business in 2012 and, in just seven months, she has attracted quite a number of customers to her business. Their two children both go to school.

Each year, during white moon festival, (traditional Mongolian ceremony) demand for clothes increases drastically, so she is requesting a loan of MNT 1,500,000 to purchase clothes in large quantity. As a result, she will run her business without worrying about inventory shortage and she can generate more income for her family. Amarjargal is a very hard-working individual who strives for a better future.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Amarjargal to purchase clothes in large quantity for her business.
93% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014