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Tsogtbayar, 49 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. He has been selling meat to local people by renting a stall at a market since 2003. This is the only source of income for his family, so he decided to rent one more stall to sell diary products.

For this reason, Tsogtbayar is requesting a loan of 4,000,000 MNT to pay the rent and buy diary products at wholesale prices in large amounts for resale. As a result, he will be able to generate more income for his family. This 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.


About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,669.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,400 helped Tsogtbayar to rent a stall and sell diary products.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 17, 2013
Oct 24, 2013
Currency Exchange Loss:
Nov 23, 2013