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Ariunzul
Ariunzul, aged 22, lives with her parents in Ulaanbaatar, the capital city of Mongolia. She has been running a Korean restaurant for two years during which she has managed to attract many customers by advertising online through public channels. As her customers increase, so does the food turnover.

Therefore, Ariunzul is requesting a loan of 4,000,000 MNT to hire additional cooks and to purchase equipment. By doing so, she will be able to successfully run her restaurant.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,343,850
    Funds lent in using Kiva
  • 1,654.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,425 helped Ariunzul to hire additional cooks and to purchase equipment.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2013
Listed
Oct 9, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014