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Enkhtuul
Mrs. Enkhtuul, 39 years old, lives with her husband and son in Erdenet, the third largest city of Mongolia. The family resides in a house on a plot of land. Her husband is currently unemployed and seeking a job. Her son is in fifth grade at high school. She herself has been selling various goods to local people by renting a stall at an outdoor market since 2011.

She is requesting a loan of 3,500,000 MNT (Mongolian tugriks) to purchase goods such as sneakers, felt products and clothes from her suppliers in Ulaanbaatar. As a result, she can continue to run her business without worrying about inventory shortage. The borrower is a very hardworking individual who strives for a better future.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,565.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,250 helped Enkhtuul to purchase goods such as sneakers, felt products and clothes from suppliers.
64% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible