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Amgalanbaatar
Mr. Amgalanbaatar, 43 years old, lives with his wife and three children in Ulaanbaatar, the capital of Mongolia. He has been making roofs on the orders from entities and individuals since 2002. His wife has been running grocery store until now, but due to its inefficient operation, she has decided to sell a single product, sausage. For this purpose, he is requesting a loan of 2,000 USD to buy sausage in large amounts at wholesale prices. His wife believes selling sausages is more profitable than that of wide variety of foodstuffs. If this new business of his wife succeeds, it will contribute to the family income, and improve their living standard.

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.

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,000 helped Amgalanbaatar to buy sausage in large amounts.
50% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
N/A