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Ganchimeg
Ganchimeg is 30 years old, married, and has two children who attend school. She lives in Ulaanbaatar, the capital of Mongolia. She has been making and selling leather coats to local people for one and a half years. Her husband drives a taxi.

Ganchimeg is requesting a loan for 2500000 MNT, which she will use to buy leather in large amount as it is the main raw material for her business. With the loan, she can run her business without worrying about an inventory shortage. The borrower is very hardworking individual who strives for 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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,752.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,450 helped Ganchimeg to purchase leather in large amount.
78% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2014
Listed
Feb 28, 2014
Currency Exchange Loss:
Possible