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Maingerel
Mrs. Maingerel, 31 years old, lives with her husband, daughter and son in a traditional Mongolian ger (portable felt dwelling) on a plot of land in Ulaanbaatar, Mongolia. She has been selling phone accessories by renting a stall at a trade center since 2012.

Her husband, together with three other people, decorates house interiors. Their daughter and son go to kindergarten. She is requesting a loan of 3,000,000 MNT to buy phone accessories at wholesale prices, so that she can continue to run her business without worrying about inventory shortage. She is a very hardworking woman 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • 1,772.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,700 helped Maingerel to buy phone accessories.
45% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible