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Altansukh, 37 years old, lives with her two sons and mother in Ulaanbaatar, the capital of Mongolia. The family resides in their own house on a plot of land.

Five months ago, she began running a grocery store and in this short time, she has attracted quite a number of customers. A good location, her communication skills and being the sole seller of food stuffs in her area are the main reasons for her business profitability.

As her customers increase so does the demand for goods, so she is requesting a loan of 1,200,000 MNT to purchase food stuffs in large quantities. As a result, she can run her store without worrying about an inventory shortage. The borrower is a very hardworking individual who cares deeply about the wellbeing of her sons and mother.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,399,550
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $875 helped Altansukh to purchase food stuffs in large quantities.
91% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 6, 2013
Currency Exchange Loss:
Jun 17, 2014