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Gantsetseg, age 42, is a seamstress who lives with her husband and 3 children in Ulaanbaatar-the capital city of Mongolia. She makes work wear and suits and sells them at the bazaar everyday. Gantsetseg has had her own business since 1998. Sometimes she needs to hire a sewer part-time to help her in her business. Sometimes she has urgent orders and needs the capital to buy cloth and other supplies. So she is taking a loan which amounts to MNT 1.000.000 to purchase some clothing materials to increase her business production.

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
  • 1,254.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Gantsetseg to purchase some clothing materials to raise business production.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 5, 2011
Jul 29, 2011
Currency Exchange Loss:
Mar 15, 2012