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Temuujin, 30, lives with his wife, four-year-old daughter, and his elder sister in her two bedroom studio apartment in Ulaanbaatar, the capital of Mongolia. His parents looks after his daughter.

For two years Temuujin and his wife have run a popcorn-making business, selling their products through some supermarkets and grocery stores. Having gained valuable experience, in the future he plans to expand his business by improving the production line and equipment. Temuujin is now requesting a loan to purchase a car to deliver his products.

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
  • 1,280.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Temuujin to buy car for delivery of his products.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 5, 2010
Nov 9, 2010
Currency Exchange Loss:
Dec 15, 2011