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Tuvshintugs
Mrs. Tuvshintugs, 46 years old, lives with her husband, daughter, and son in Ulaanbaatar, the capital city of Mongolia. She began teaching mathematics at a high school in January, 2013. Her husband has been selling beauty products since 2007; her son goes to high school, while her daughter attends kindergarten.

Before becoming teacher, she herself ran her beauty products sales and is still involved in it.

She is requesting a loan of 3,500,000 MNT to buy beauty products such as shampoo, gel, and hair color in large amounts.

As a result, she and her husband will run their business without worrying about an inventory shortage. 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    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 $2,100 helped Tuvshintugs to buy beauty products in large amounts.
51% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible