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Myagmardorj
Myagmardorj is 29 years old and lives with his wife and two daughters in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi service to local people for two years. His wife has the position of manager at the trade center. Their elder daughter goes to kindergarten. They live in a Mongolian traditional ger (portable felt dwelling) on a plot of land.

Myagmardorj is requesting a loan of 2,500,000 MNT to rent a stall at the trade center and sell clothes for extra income. Starting a clothes sales business is important for him because his two daughters are growing each day and their needs are also increasing. He is a very hardworking individual who cares deeply for his family.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,709.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Myagmardorj to start a clothes sales business.
65% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Dec 10, 2013
Currency Exchange Loss:
Possible