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Narantsetseg
Narantsetseg, 30 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She began running a automobile repair workshop three months ago by renting a garage near the automobile market. Before this, she and her husband had run a cafeteria.

Narantsetseg is requesting a loan of 2500000 MNT to purchase spare parts from her supplier in large amounts at a relatively lower price. By doing so, she can run her business without worrying about spare parts shortage.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,602.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,575 helped Narantsetseg buy auto spare parts.
99% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014