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Narangerel
Mrs. Narangerel, 41 years old, lives with her only son in Ulaanbaatar, the capital city of Mongolia. Her husband died in a road accident in 2002.

She has been selling grindstones to building companies for many years. She is requesting a loan of $3,000 USD to buy grindstones at a wholesale price so that she can continue to run her business without worrying about inventory shortage. This business is the only income source for her family.

The borrower is a very hardworking individual who wants to open great opportunities for her son.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Narangerel to buy a large amount of grindstones.
36% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2014
Listed
May 6, 2014
Currency Exchange Loss:
N/A