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Shiilegsuren is 29 years old and lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a traditional Mongolian nomadic housing tent called a ger. Her 8-year-old son, Usuhkbayar, attends a local secondary school.

Currently, Shiilegsuren operates a meat-trading business with her husband at Narantuul, the most popular food market in Mongolia. She has been operating this business since 2003 with working capital of 500,000 tugrugs (approximately 360 USD) and has expanded her business with a loyal customer base.

Recently, in 2009, Shiilegsuren and her husband purchased their own plot of land and a car. They have been planning to build a house with a yard on their own land. Shiilegsuren is a very hardworking person. She is requesting a loan to increase her working capital.

About Credit Mongol:
Credit Mongol’s mission is to contribute to the prosperity of Mongols by providing diversified financial services to micro-loan and small and medium enterprise (SME) clients and to become the best-performing company in micro-loan and SME financing in Mongolia.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,378.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Shiilegsuren to increase her working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Apr 2, 2010
Apr 25, 2010
Currency Exchange Loss:
Mar 15, 2011