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Choisuren, 39 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land. Before living in a ger, his family lived in a rental apartment and when they purchased land in 2012 they moved out of the rental apartment. He is a professional welder who has been working at a private business entity for many years. His wife has been doing construction interior decoration. His daughter goes to high school. He is requesting a loan of 2,000,000 MNT to purchase clothes in large volume from China. After purchasing the clothes from China, he wants to sell the purchased clothes in Russia at a higher price. This business will certainly generate more income for his family. The borrower is a very hardworking individual who cares about his daughter's education greatly.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Choisuren to purchase clothes from China.
87% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 24, 2013
May 6, 2013
Currency Exchange Loss:
Dec 17, 2014