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Narantsetseg, 54 years old, lives with her two sons in Ulaanbaatar, the capital city of Mongolia. Her husband passed away long time ago. She has been running her grocery store for more than ten years. Her elder son graduated from his university and now looking for job. The younger one is currently studying at university and will graduate next year. She is requesting a loan of 3000000 MNT to buy a large amount of foodstuffs. This will help her to generate more income and run her grocery store without worrying about an inventory shortage. 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.


About Mongolia

  • $5,900
    Average annual income
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,827.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,650 helped Narantsetseg to buy a large amount of foodstuffs.
66% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 18, 2014
Jul 26, 2014
Currency Exchange Loss: