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Ganchimeg
Ganchimeg is 39 years old and lives with her husband and two children in Darkhan, the second largest city of Mongolia. Her husband has a position at a power and heat station. Her son and daughter both study at high school. She has been working as a dressmaker since 2000 and accumulated a vast amount of work experience making clothes. Now she wants to open her own workshop by renting a basement, purchasing equipment and making repairs. She is requesting a loan of 4000000 MNT to cover the costs associated with opening a dressmaking workshop. As a result, she can generate more income for her family and invest in her children's future education. The borrower is a very hardworking individual who deeply cares for her children and husband.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,875 helped Ganchimeg to open a dressmaking workshop.
72% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible