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Erdenesuvd
Erdenesuvd, 31 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been running a grocery store for eight months and before this, she worked as a sales representative at a private firm. Their elder son goes to high school while their younger son stays at his grandma's home.

Erdenesuvd is requesting a loan of 4,500,000 MNT to buy foodstuffs in large amounts as a reserve. As a result, she will be able to run her grocery store without worrying about inventory shortages. 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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,714.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,650 helped Erdenesuvd to buy foodstuffs in large amounts.
54% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2014
Listed
Jan 26, 2014
Currency Exchange Loss:
Possible