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Mrs. Usukhjargal is 40 years old and lives with her husband, son and daughter in Ulaanbaatar, the capital city of Mongolia. Her son is a university student and her daughter is 5 years old. Usukhjargal's husband has worked as a repairman at “Power Plant 3” since 2008.

Usukhjargal is self-employed and has 4 sewing machines. She sews and then sells summertime “deel” (traditional Mongolian clothing) and shirts and wintertime leather jackets. Usukhjargal is planning to use this loan to buy more cloth and textiles to produce more deels and traditional shirts in order to fulfill the increased demand for her products in the summer and to make more profit.

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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Usukhjargal to buy more cloth and textiles.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 13, 2011
Jun 17, 2011
Currency Exchange Loss:
Aug 15, 2012