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Mrs. Enkhtaivan K., a 40-year-old widow, lives with her two daughters, two sons-in-laws and two grandchildren in Ulaanbaatar, the capital city of Mongolia. They live in a small house owned by Enkhtaivan. Her sons-in-laws work in construction as labourers, while her youngest daughter looks after the two children.

Enkhtaivan rents a small workshop where she runs a shoe repair service, a business she has operated since 1998. Having gained much experience and many trusted local customers, she has even taught this skill to her eldest daughter who now runs a shoe repair business as well.

A very enthusiastic and motivated person, Enkhtaivan is planning to extend her business by opening a few more workshops in the area in the future. At the moment she is requesting a loan to increase her working capital and to buy some necessary tools and materials for her business.

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
  • 1,225.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Enkhtaivan to buy some necessary tools and materials for business and to increase working capital.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 30, 2010
Jan 1, 2011
Currency Exchange Loss:
Jan 15, 2013