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Mrs. Badamtsetseg, 37 years old, lives with her husband, daughter and son in Ulaanbaatar, the capital city of Mongolia. Seven years ago, the family came to and settled in Ulaanbaatar. She has been working as an office manager at a private company for four years. Her husband makes house decorations for a living and her daughter and son both go to high school. Besides her job, she also runs a clothing sales business by renting a stall at a trade center and hiring her own sister as a saleswoman.

She is requesting a loan of 2500000 MNT to purchase clothes in large quantities. As a result, she can run her clothing sales business without worrying about inventory shortages. The borrower is a very hardworking individual who deeply cares for her family.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,450.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Badamtsetseg to purchase clothes in large quantities.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jul 11, 2013
Currency Exchange Loss:
Jul 21, 2015