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Mrs.Tsetsegmaa is 42 years old and lives with her husband and two daughters in Ulaanbaatar, the capital of Mongolia. Both of her daughters attend secondary school while she earns a living running a grocery. She has been in this business for nine years and her shop has grown in recent years. Tsetsegmaa spends most of her time selling items while her husband makes a living delivering food in a microbus. Tsetsegmaa started her store with a small investment and has been careful to continually expand and enhance her business. Local customers are satisfied with the variety of food she sells, and there are no other stores nearby. Earlier this year, she rented new space in a nearby shopping center and began selling clothing there. She is applying for this loan to buy more clothing to sell to her customers.

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
  • 1,250.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Tsetsegmaa to buy more clothes to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 8, 2011
Jun 14, 2011
Currency Exchange Loss:
Apr 15, 2012