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Mrs. Gandariya, 46 years old, lives with her daughter in Ulaanbaatar, the capital city of Mongolia. She has been selling children's clothes by renting a stall at a trade center since 2011. Her elder son studies at the university in China.

She has an idea of making and selling bed covers to local people. For this cause, she is requesting a loan of 4,000,000 MNT to purchase textiles and a sewing machine. If her new business succeeds, her family income will be increased and she can invest in her children's education. She is a very hardworking individual and it is not easy to raise two children alone.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,557.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Gandariya to purchase textiles and a sewing machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 10, 2013
Aug 16, 2013
Currency Exchange Loss:
Aug 17, 2015