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Undrakh
Mrs. Undrakh, 22 years old, lives with her husband and child in Kherlen, the easternmost town of Mongolia. She has been selling phone accessories to local people for two years. Her husband operates a billiard center. Her parents are currently looking after her one-year-old child.

She is requesting a loan of 3,000,000 MNT to buy phone accessories in large quantities so that she can continue to run her business without worrying about inventory shortage. She is a very hardworking woman 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,800 helped Undrakh to buy phone accessories in large quantities.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 24, 2013
Currency Exchange Loss:
Possible