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Uranchimeg
Uranchimeg, 22 years old, lives with her father and brother in Ulaanbaatar, the capital city of Mongolia. She has been running a jewelry shop since 2010 and she usually obtains her goods from Thailand quarterly. Her father transports goods between provinces for a living. Her brother has the position of manager at an airline company. Her mother lives separately in the countryside.

Uranchimeg is requesting a loan of 5,000,000 MNT to travel to Thailand and bring back a large amount of jewelry before Christmas. During the five days before Christmas, the demand for jewelry increases greatly so she shouldn't have a shortage of jewelry. 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,722.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,925 helped Uranchimeg to buy a large amount of jewelry to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 7, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014